The Bottom Line Issue 3 2019

Welcome to the latest edition of our quarterly financial reporting publication 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.

It’s been a busy quarter for the AASB with a number of Exposure Drafts being issued for public comment since June. We take a look at the proposed amendment to AASB 112 Income Taxes which will affect accounting for deferred tax on leases, as well as the recent proposals affecting special purpose financial statements. We also continue with the AASB 15 theme by focusing on step 4 of the revenue recognition model.

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