Accounting News - November 2020

In this edition, we look at Australian financial reporting issues arising from non-refundable research and development tax incentives and the Federal Budget’s JobMaker scheme. We also look at how not-for-profit entities can manage the impact of COVID-19 on financial reporting, and how they account for accrued income from partially performed grant activities. Lastly, we highlight some recent BDO and AICD articles on how to manage your financial reporting risk.

AUSTRALIAN ISSUES

• Ongoing management and reporting of leases – Do you need help?
• ASIC extends financial reporting deadlines again for listed and unlisted entities
• Accounting for non-refundable research and development incentives
• Accounting for Federal Budget economic recovery stimulus measures – JobMaker Hiring Credit

NOT-FOR-PROFIT ENTITIES

• Managing the impact of COVID-19 on your not-for profit’s reporting
• Accounting for accrued income on partially performed grant activities under AASB 1058

MANAGE YOUR FINANCIAL REPORTING RISK

• Shining a torch on boards and finance teams

OTHER

• Watch our most recent webinar – Accounting Standards Update: Getting Ready for 31 December 2020