BDO’s IFRS & Corporate Reporting group in Australia produces the following publications to keep clients and staff informed about the latest regulatory and legislative changes, and financial and corporate reporting requirements for businesses.
BDO has published its IFRS in Practice which provides an overview of the new requirements for classifying loans with covenants as current or non-current. It also includes a flow chart to help in determining this classification, along with application of the flow chart to multiple scenarios. These new requirements are effective for annual reporting periods beginning on or after 1 January 2024.
The latest 2025 edition contains three additional scenarios to illustrate these requirements.
Increasing tariffs and global trade uncertainty may have significant financial reporting effects for entities. There are numerous accounting implications across multiple areas such as going concern assessments, judgements and estimates, impairment of non-financial assets, etc. This publication discusses many of these implications for entities both directly and indirectly affected.
The IASB has published illustrative examples in Disclosures about Uncertainties in the Financial Statements. These examples set out fact patterns at a sufficiently high level to be applicable to a variety of entities operating in various industries experiencing different types of uncertainty. Our publication discusses many of these implications for entities both directly and indirectly affected by climate-related and other uncertainties in the financial statements.
BDO has released its year end IFRS Accounting Standards Update. This publication provides a concise list of standards and amendments that became effective during 2025 or will become effective in the coming years. It also provides a snapshot of the IASB’s standard setting projects, maintenance projects and research projects as well as IFRS Interpretation Committee’s activities, including IFRIC agenda decisions.
BBDO has published its 31 December 2025 Illustrative IFRS Financial Statements. This update includes reference to new standards applicable for 31 December 2025, including the new IASB’s Disclosures about Uncertainties in Financial Statements (six illustrative examples on how IFRS® Accounting Standards may be applied when considering uncertainties, including the effects of climate change) and Lack of Exchangeability (Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates).
Note: These illustrative IFRS financial statements do not include any Australian-specific disclosures, including the consolidated entity disclosure statement for certain public companies, remuneration reports required by s300A of the Corporations Act 2001 (for listed entities) and s300C (for registrable superannuation entities), AASB 1054 Australian Additional Disclosures and the requirements to present a directors’ report.
BDO has released illustrative interim financial statements for the half-year ended 30 June 2025. This version includes illustrative disclosures relating to amendments to IFRS® Accounting Standards effective for annual reporting periods beginning on or after 1 January 2025 for the first time, including the changes to IAS 21 The Effects of Changes in Foreign Exchange Rates (lack of exchangeability).
Note: These illustrative IFRS financial statements do not include any Australian-specific disclosures, including the requirements to present a directors’ report.
