Corporate Reporting Insights - June 2024
Our June 2024 edition of Corporate Reporting Insights keeps you up to date with the latest Australian and global developments in corporate financial and sustainability reporting.
Australian financial reporting developments
- Ten things to remember for 30 June 2024 annual and half-year reporting
- Important reminder: Large private groups must lodge complete, consolidated financial statements
- A new Australian standard for presentation and disclosure in financial statements (AASB 18)
IFRS® Accounting Standards developments
- IASB amends classification and measurement requirements in IFRS 9 Financial Instruments
- Proposed changes to accounting for contracts to acquire electricity from renewable sources
- Entities may have to reclassify their borrowings at 31 December 2024 – Part 4
Not-for-profit entities
- New consolidated entity disclosure statement for not-for-profit entities
- Reminder: Charities to disclose related party information in special purpose financial statements
- More decisions about the Tier 3 financial reporting framework for private sector not-for-profit entities (NFPs)
Sustainability
- Australian climate-related financial disclosures to align more closely with the baseline of IFRS® Sustainability Disclosure Standards
- Building a global language of sustainability
- Disclosing the current and anticipated financial effects of climate risks and opportunities
- Collaboration continues between standard setters to align sustainability standards for seamless sustainability reporting
- Updated guide on using the Integrated Reporting Framework while considering IFRS Sustainability Disclosure Standards
- Setting carbon targets – Why and how
- ASIC announces key focus areas for its 30 June 2024 financial reporting surveillance
Useful resources
- Register now to attend our next IFRS & Corporate Reporting webinar on 24 July or the rest of the series
- Register now to attend our next sustainability webinar on 26 June or the rest of the series
- Watch our most recent IFRS & Corporate Reporting webinars – Recent advancements in financial instruments and Update on financial and sustainability reporting - Preparing for 30 June 2024
- Watch our most recent ESG webinar – Setting carbon targets and developing a decarbonisation strategy
- New BDO IFRS and corporate reporting resources by topic
- Comments sought on exposure drafts