Natural Resources Financial Reporting Update June 2020 - Part Two

21 May 2020

The Natural Resources Financial Reporting Update which will be split into two webinars this year. Part  one will cover the impacts of COVID-19 on the Natural Resources sector and Part two will focus on the Accounting Standards Update.

Part 2 Accounting Standard Update

The new leasing standard is an important change for those in the natural resources sector, especially for those with contract mining and service contracts that involve the use of specialised equipment.

We will also look at new reporting developments including:

  • The impact of AASB Interpretation 23 Uncertainty over Income Tax Treatments
  • Amendments to the definition of a business introduced by AASB 2018-6 that may result in more acquisitions of mining and oil and gas companies being recognised as asset acquisitions rather than business combinations.

View part 1 below:

Part 1 - COVID-19 update

This accounting update, run by BDO IFRS Advisory experts Wayne Basford and Susan Oldmeadow-Hall, will assist you in preparing your 30 June 2020 year-end and half-year accounts.