Members' Handbook - mshying

AASB issues updated AASBs 119 Employee Benefits and 134 Interim Financial Reporting

Tue, 08 Feb 2011 06:30:00 GMT

The Australian Accounting Standards Board has updated the compiled versions of AASBs 119 Employee Benefits and 134 Interim Financial Reporting to reflect minor editorial corrections. The corrections to AASB 119 are the amendment of the Contents to show the titles of sections A, B and C of the Implementation Guidance. The corrections to AASB 134 amend the Contents to correctly show paragraph 16A 'Other Disclosures', a minor change to the first row in the Table of Amendments to Illustrative Examples, and corrected the heading level of 'Other Disclosures' and moved it before paragraph 16.

The updated compiled standards will be available shortly under announcements.

International developments

Thu, 13 Jan 2011 06:17:00 GMT

The AASB has this week published its first international update for 2011

Amendments to Accounting Standards

Thu, 13 Jan 2011 02:32:00 GMT

The AASB has issued AASBs 2010-8, 2010-9 and 2010-10

APESB issues Professional Standards

Thu, 23 Dec 2010 04:43:00 GMT

The APESB has issued a revised APES 110 Code of Ethics for Professional Accountants and APES 310 Dealing with Client Monies to replace the existing APS 10 Trust Accounts and GN 3 Operation of Trust Accounts

ASIC review of 30 June financial reports and focuses for 31 December 2010

Thu, 23 Dec 2010 04:26:00 GMT

On 22 December 2010, ASIC released the results of its reviews of financial reports for the year ended 30 June 2010 and highlighted areas of focus for entities preparing their 31 Decmeber 2010 financial reports.

Accounting standards update

Thu, 16 Dec 2010 01:26:00 GMT

The Australian Accounting Standards Board releases amended standards and interpretations

Disclosing the impact of an accounting standard that you have not yet adopted - an oxymoron?

Wed, 30 Jul 2008 00:36:00 GMT

Our private lives require each of us to continually make choices. Having chosen to take a local beach holiday this year and an overseas resort holiday in two years time we typically do not concern ourselves with the overseas holiday until much closer to its occurrence.

Accounting standards are different.