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Changes to the Corporations Act recently passed by Parliament mean that “Grandfathered” entities will no longer be exempt from lodging financial statements with ASIC under the Corporations Act 2001.
Recent changes to Australian Accounting Standards will mean that some for-profit entities will have to prepare General Purpose Financial Statements ('GPFS') for the first time, and are no longer able to prepare Special Purpose Financial Statements ('SPFS').
In early November, the Western Australian Government announced a series of proposed changes to the Local Government Act, resulting in a number of key changes to financial management and reporting.
Our CFO Advisory team is now equipped with Cradle – a cutting edge lease accounting software solution that cuts through the complexity and provides certainty around reporting, disclosures, market releases and projections.
The old adage “sunlight is the best disinfectant” is very apt when it comes to the growing need for more complete and consistent disclosure of climate-related risks in the financial reports of Western Australian (WA) Government agencies, and government trading enterprises (GTEs).
Listed companies will have to disclose publicly the amount of JobKeeper payments received, how many employees the payments related to, and how much (if any) they returned to the government for each financial year.
Cloud computing solutions, often packaged as “Software as a Service – SaaS” arrangements, are commonly used due to their flexibility and scalability features.
Recent changes to Australian Accounting Standards will mean that many for-profit entities have to prepare General Purpose Financial Statements (“GPFS”) for the first time, and are no longer able to prepare Special Purpose Financial Statements (“SPFS”). In this article, we explain who is affected, and what the impact will be on those enti
ASIC has extended the relief under which it is offering entities an additional month to lodge their financial reports. Having previously allowed a one-month extension for 30 June year-ends, ASIC has now provided the same relief for all balance dates up to and including 7 January 2021.