New Financial Reporting Landscape

Preparing for the New Financial Reporting Landscape - Why a plan for 2020 is not just a nice to have.

Between now and 2019 three new accounting standards will be introduced, seeing Australian financial reporting poised to go through the biggest upheaval since Australia adopted International Financial Reporting Standards (IFRS) in 2005. These three new standards, will fundamentally alter how entities will account for hedges, investments in unlisted shares, loans to subsidiaries, revenue and operating leases.

What's more the International Accounting Standards Board (IASB) is embarking on its disclosure initiative, which will radically change how information in an entity's financial report is depicted.

Join Wayne Basford, BDO Audit and Assurance Partner, IFRS leader for BDO's Asia Pacific region, Chairman of BDO International's IFRS working party, head of BDO WA's professional training division 'Insite', and head of BDO WA's Technical Services Group as he considers the high level impacts of:

AASB 9 - Financial Instruments

AASB 15 - Revenue for Contracts with Customers

AASB 16 - Leases

Disclosure Initiative

Highlighting the far reaching implications of these impending changes, Wayne will offer practical insights into the myriad of issues you will need to consider in formulating your own strategies around dealing with such a high level of change in this arena.