Complex standards arrive

Three new complex accounting standards arrive next year, and one is operable from 1 January.

They are:

  • AASB 9 Financial Instruments (applies from years commencing 1 January 2018)
  • AASB 15 Revenue from Contracts with Customers and AASB 1058 Income of Not-For-Profit Entities (applies from years commencing 1 January 2019), and
  • AASB 16 Leases (applies from years commencing 1 January 2019).

You need to plan them now.
< Back