5% of ASX-listed companies delisted in 2019-20

By Nicholas Benbow on 04/08/20 - Mins to read: 5 minutes

The clampdown on reverse listings and de-listings of long-suspended companies bites listed ASX shells for the year ended 30 June 2020 During the financial year 2020, the number ASX listed companies declined from 2,269 to 2,188, with de-listings outstripping new IPOs and Reverse Takeover Transactions (RTOs). Some of you reading...
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Don’t underestimate the implications of AASB 16 leases

By Timothy Maclean on 04/08/20 - Mins to read: 5 minutes

Since the new leases standard – AASB 16 – came into effect earlier this year, it’s presented several operational challenges with entities now needing to recognise all assets and liabilities arising for all leases, with limited exceptions. These exceptions include short-term leases and leases of low value assets. Expectations Short-term...
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Important changes to lease agreements

By Matthew King on 04/08/20 - Mins to read: 5 minutes

Do you work in a finance team, sit on a Board, or are you a business owner? Do you need to report to ASIC or apply accounting standards in the preparation of financials? If so, the best piece of advice you can receive this year is to check your leases....
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Is your Financial Reporting up to standard?

By William Buck on 04/08/20 - Mins to read: 5 minutes

The William Buck Financial Reporting series has wrapped up for the year, providing finance professionals with the latest insights to help their business. Covering various topics including changes in accounting standards, ATO’s tax insights and the latest trends in merger and acquisitions. Attendees heard first hand from William Buck’s industry...
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Governance

By William Buck on 04/08/20 - Mins to read: 5 minutes

Within the NFP sector, there have been several new governance regulations introduced. The below articles provide a snapshot into the recent changes and key issues to be aware of within the NFP sector that may impact on the governance of your organisation. AICD updates governance principles At a time when...
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Financial reporting insights

By William Buck on 04/08/20 - Mins to read: 5 minutes

Applying standards This year is big for NFPs that report in compliance with accounting standards. The following complex accounting standards apply for annual reporting commencing on or after 1 January. Year-enders on 31 December are first cabs off the rank. The standards to watch out for are: AASB 15...
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