Accounting News, March 2011

21 March 2011

Tim Kendall , National Leader, Audit & Assurance |

In this edition, we discuss how the IASB thinking has evolved on some key aspects of lease accounting and compare it to their original position put forward in their exposure draft on lease accounting, ED/2010/9 (ED 202R in Australia).

The level of acquisition transactions has increased significantly over the past year and you may be applying AASB 3 (2008) Business Combinations for the first time. We highlight some key accounting differences between the superseded version of AASB 3 and the current version.

The Government is looking at a national NFP regulator and we answer some frequently asked questions.