The Bottom Line Quarter 1 2019

Welcome to the first edition of The Bottom Line, our quarterly newsletter that aims to keep you in the loop with all the latest accounting and financial reporting developments, and the potential impact they may have on your business.

In this edition, we focus on specific issues relating to the new financial instruments and revenue standards. We also provide a high-level overview of AASB 16 Leases and its potential impact on businesses, consider the recent clarifications regarding the treatment of uncertain tax positions and explain what is currently going on with respect to special purpose financial statements. We end off with recent accounting developments, both globally and locally.