Accounting

Falling for it: take our financial fraud quiz


The question is, how far will companies go in uprooting conventional ways of doing business?

The digital future for corporate reporting


6 ways accountants can raise financial literacy standards


For-profit entities that are required by legislation to prepare financial statements in accordance with AAS will no longer be able to prepare SPFS for accounting periods beginning on or after 1 July 2021.

Get prepared: Financial reporting changes have arrived


The more you know about the way you are thinking, the more you are able to articulate in both oral and written forms.

How to communicate complex financial information


Goodwill is the premium paid by the acquirer that represents the acquiree’s future potential to generate cash flows and other economic benefits.

Future potential: What's ahead for goodwill accounting?


How to evolve accounting practice efficiency post-COVID-19


It is important to agree on clear accounting and reporting requirements and for auditors to carefully consider how to audit these assets.

Clarity needed in crypto-assets accounting


What can accountants do? You can not only ensure that your organisation complies with relevant protective legislation, but also ensure that you act in its spirit and intent, and do not just see it as an obstacle to be overcome.

The role of accountants in healing country


NFP accounting: Revenue vs income


In the absence of sound financial analysis and a link to business strategy, short-term cuts can actually lead to lower long-term profits.

Tough times: When should you cut costs?


IFRS 17 is about 20 years in the making and is unusual in being the only reporting standard that is directed at a specific industry.

IFRS 17: What you need to know


With increased transparency surrounding large organisations' payment times, Australia’s small businesses will be able to make informed decisions about which large organisations they supply.

Payment times reporting: Keeping up with the times


Foreign exchange: the overlooked business essential


Although Australia has decided not to adopt IFRS for SMEs, Singapore, Hong Kong and Malaysia have all adopted the standard, as have around 83 other countries.

What do the changes in Australian financial reporting mean for SMEs?


JobKeeper ends but ATO audit activity on the program to continue


Time-saving tools to reclaim your day


Studies have shown that people spend significantly more when they use “virtual” as opposed to physical money.

6 reasons why we still need cash


Accounting standards are the essential technical tools, yet, how easy are they to interpret, and should standard-setters be working towards making them simpler?

How to make accounting standards easier to interpret


Before COVID-19, employee discretionary spend was often the second largest operating expense after wages for many organisations.

Taking care of corporate expense tracking


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