Accounting for Leases (July 2021)
Andrew Robin
Andrew joined Pitcher Partners in 2020 following 13 years with Deloitte. The opportunity to grow professionally alongside established clients whilst actively building new business relationships drew Andrew to Pitcher Partners. He became a partner of the Brisbane firm in 2021. As a trusted advisor, Andrew works proactively with organisations to ensure their compliance obligations are […]
Service Concession Arrangement (June 2021)
Configuration and customisation costs incurred in cloud computing arrangements
The IFRS Interpretations Committee recently published its agenda decision on the appropriate accounting treatment of configuration and customisation costs incurred by a customer in cloud computing arrangements.
Simplified Disclosures – Summary of Disclosure Differences from SPFS (May 2021)
Australian Accounting Standards: Removal of special purpose financial statements
From 1 July 2021, certain for-profit private sector entities will no longer be allowed to prepare special purpose financial statements (SPFS), when preparing financial statements under Australian Accounting Standards. Entities that fall into the scope of these changes will instead be required to prepare general purpose financial statements (GPFS).
Best practice charity disclosures
The ACNC has recently published recommended best practice disclosures for a charity’s annual financial report which go over and above disclosures required under Australian Accounting Standards.
Are you a NFP and accounting for your revenue and income properly?
Applying Australian accounting standards to your revenue, income or grants is proving a challenging task by many NFP entities. The new accounting standards for revenue and income of NFPs first applied from 1 January 2019 with an option to delay the start date by six months in relation to research grants.
Darryn Rundell
Darryn is an accounting technical (IFRS) and financial reporting specialist with over 25 years of professional experience in a range of accounting and audit related roles. Darryn has extensive financial reporting and accounting advisory experience in the Australian corporate sector, public sector and private not-for-profit sector, covering such matters as accounting policy development, accounting technical […]