Are you ready for major changes to accounting?

The Australia Accounting Standards Board have released sweeping changes to accounting reporting. These changes affect all entities that prepare accounts in accordance with accounting standards and interpretations and requires action now. These standards are significant, and in some instances, it will be essential for their impact to be known beyond the finance function. Read on to find out more:

The Australian Government has also proposed to raise financial reporting thresholds for proprietary companies by 2020. You can read more on the current and proposed thresholds here:

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