Accounting News, May 2014

21 May 2014

Sheryl Levine |

In this edition, we look at proposed changes to the dividend rules in the Corporations Act 2001, as well as two recent amendments to accounting standards issued by the International Accounting Standards Board (IASB). We also look at a roundup of issues raised on the IFRS 3 post-implementation review at the recent Australian Accounting Standards Board’s roundtable. Finally, read more on the new hedging rules; - effectiveness testing will be simpler under AASB 9 Financial Instruments, and the IASB’s Discussion Paper on macro hedging.

In this issue

  • Proposed changes to Corporations Act – Dividends and other proposals
  • Changes to IFRS 11 Joint Arrangements – Accounting for acquisitions of interests in joint operations
  • IASB clarifies acceptable methods of depreciation and amortisation
  • AASB roundtable for post implementation review of IFRS 3
  • Simpler effectiveness testing under AASB 9 Financial Instruments
  • IASB issues discussion paper on macro hedging
  • New BDO publications
  • Comments sought on exposure drafts