Accounting

Data visualisation tools take raw data and help analysts turn it into information, intelligence or insight. They also speed up the analysis process.

Hidden figures: How data visualisation can tell your story


Jarrad Young invested a considerable amount of analysis, strategy and planning in undertaking his Guinness World Record-breaking effort.

Jarrad Young CPA: Pushing the limit


The scientific consensus about global warming is significant and we are recognising that preventing the worst effects of climate change needs effort on multiple fronts.

Climate risk: What accountants need to know


Gene Wilder’s performance in <i>The Producers</i> is sinister, but also kooky and creative. The role belies a decades-long rollcall of tired stereotypes that too often use the accountant as the punching bag.

Film study: The good, the bad and the accountant


While the foundational thinking for IFRS 9 is sound in principle, what is unclear is if it is fit for purpose amid a health emergency that has triggered unquantifiable hits to future corporate earnings.

Will IFRS 9 pass the pandemic test?


A recent inquiry by the office of the ASBFEO found SCF products were being “weaponised” by larger companies to pressure their suppliers into signing agreements in return for being paid on time.

Supply chain finance reform on the agenda


An area of significant concern for small business owners is the uncertainty of future consumer behaviour following the easing of restrictions, and how quickly and confidently consumers start returning to previous spending habits.

The role of accountants in providing loan advice to SMEs


The need for reliable information has increased and it is up to finance professionals to ensure that not only are statutory obligations met but also that maximum transparency is provided.

Roadmap for annual reporting in the COVID-19 era


Wes Lambert, CEO of the Restaurant and Catering Industry Association, confirms that many of his members are now more cautious and reluctant to hire casual employees.

‘Casual’ employment ruled a thing of the past


COVID-related scenarios can rapidly change, so organisations need to ensure their plan is relevant and addresses all factors.

Untangling COVID-19 workplace requirements


Climate catastrophes are potentially more serious than systemic financial crises, as they pose an existential threat to economies and humanity, with potential for very deep cuts in global GDP.

Green swans: Why climate change is unlike any other financial risk


The introduction of a safe harbour defence had already helped to shift the balance of risk away from directors, providing a defence to insolvent trading if they are meeting certain criteria.

The unintended consequences of easing insolvency laws


More and more companies around the world are embracing the concepts of integrated thinking and reporting, because they fully understand the wider benefits of doing so.

Integrated reporting: Show value, build trust


The new requirements eliminate nearly all off-balance-sheet accounting for lessees, with the aim being to enhance transparency and comparability in financial reporting.

IFRS 16: A new era of lease reporting arrives


Unemployment forecast to go up as Australia's economy shrinks in 2020/21.

Economic forecast: mixed outlook for 2020/21


As tax agents have begun meeting with their clients, many are checking income received from the stimulus measures as part of income tax return discussions.

Tax time 2020: Economic stimulus and tax whistleblowers


People in business need to consciously maintain their mental wellbeing and the usual commonsense approaches still apply.

Stress management: COVID-19, tax time and the sum of our fears


As the use of cloud-based technology has become integral to the operations of accounting practices, it is critical that they introduce cybersecurity awareness programs for staff.

What the experts say: How audits will look in the post-COVID-19 era


All employers need to have better visibility over working times to enable employees to be paid correctly.

Record-keeping: The new normal for fair pay


Switching from one accounting standard to another might appear benign but assessing a lease for impairment under IAS 36 introduces new considerations.

COVID-19, IFRS 16 and lease accounting: The impairment question


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