BDO’s IFRS & Corporate Reporting group in Australia produces the following publications to keep clients and staff informed about the latest regulatory and legislative changes, financial and corporate reporting requirements for businesses.
Corporate Reporting Insights is your ‘go to’ place for financial reporting developments and all aspects of corporate reporting including sustainability and ESG reporting.
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Global IFRS Resources
BDO’s global International Financial Reporting Standards (IFRS) group produces a range of publications and reference materials for clients and staff to keep up to date with the latest developments.
View the latest publications by category below.
- IASB publishes Exposure Draft – Amendments to the Classification and Measurement of Financial Instruments
- IASB publishes Exposure Draft International Tax Reform – Pillar Two Model Rules
- 31 December 2022 year-end IFRS update
- Accounting in times of uncertainty
- Hyperinflationary economies update 30 November 2022
- IASB issues amendments to IAS 1 – Non-current liabilities with covenants
- Hyperinflationary economies update at 31 October 2022
- IASB issues amendments to IFRS 16 – Lease liability in a sale and leaseback
- 30 June 2022 period-end update (includes IFRS standards issued not effective and recent IFRIC agenda decisions)
- Hyperinflationary economies update – 30 April 2022 (IFRB 2022 03)
- Hyperinflationary economies for the period ended 31 December 2021
- IASB issues ED to amend IAS 1 – Non-current liabilities with covenants
- IASB publishes Exposure Draft – Subsidiaries without public accountability: Disclosures
- 30 June 2021 period-end update (includes IFRS standards issued not effective and recent IFRIC agenda decisions)
- Amendments to IAS 12 – Deferred tax related to assets and liabilities arising from a single transaction
- Disclosure requirements in IFRS standards – A pilot approach
- COVID-19-related rent concessions beyond 30 June 2021: Extension of practical expedient – additional FAQs
- IASB issues amendments to IAS 1, IAS 8 and IFRS Practice Statement 2 – Disclosure of accounting policies and definition of accounting estimates
- Classification of liabilities as current or non-current: FAQs
- IASB proposes extension to COVID-19 practical expedient (IFRS 16)
- IASB publishes Exposure Draft – Regulatory Assets and Regulatory Liabilities
- Going concern - IFRS Foundation publishes guidance on disclosures
- Hyperinflationary economies for 31 December 2020
- Effects of Climate-Related Matters on Financial Statements
- IFRS Foundation Trustees consider sustainability reporting
- Accounting for rent concessions: Lessee FAQs
- IASB issues amendments to IFRS 17 Insurance Contracts
- Impairment implications of COVID-19 (IFRS 9 Financial Instruments)
- IASB issues amendments to IFRS 16: COVID-19 related rent concessions
- Impairment implications of COVID-19 (IAS 36 Impairment of Assets)
- Amendments to IFRS 16 proposed by the IASB for lessees – rent concessions as a result of COVID-19
- IASB responds to question about IFRS 16 and COVID-19
- Potential effects of the Coronavirus Outbreak on 2020 Reporting Periods and Onward
- Potential effects of the Coronavirus Outbreak on 31 December 2019 Year End Financial Reporting
- IASB Issues Amendments to IAS 1 - Classification of Liabilities as Current or Non-current
- IFRIC Issues Final Agenda Decision for an Assessment of the Lease Term (IFRS 16)
- Effects of IFRS 9, 15 and 16 on Business Combination Accounting.
The following are illustrative IFRS financial statements of a listed company, prepared in accordance with International Financial Reporting Standards.
These illustrative IFRS financial statements are intended to be used as a source of general technical reference, as they show suggested disclosures together with their sources. They are not intended to address the particular circumstances of any particular individual or entity, and do not contain any Australian-specific disclosures.
- Annual financial statements for the year ended 31 December 2022
- Interim financial statements for the half-year ended 30 June 2022
- 31 December 2021 Illustrative IFRS disclosures – COVID supplement
- Annual financial statements for the year ended 31 December 2021 (including amendments for COVID-19 rent concessions beyond 30 June 2021).
This series provides guidance in addressing the practical issues when applying key aspects of IFRSs.
The latest editions include:
- Accounting for convertible notes (December 2022)
- Distinguishing between a business combination and an asset purchase in the extractives industry (December 2022)
- IAS 7 Statement of Cash Flows (December 2022)
- IAS 36 Impairment of Assets (December 2022)
- An Overview of IFRS 6 Exploration for and Evaluation of Mineral Resources (December 2022)
- Applying IFRS 9 to related company loans in the real estate sector (December 2022)
- Applying IFRS 9 to related company loans (December 2022)
- IFRS 10 Consolidated Financial Statements (December 2022)
- IFRS 11 Joint Arrangements (December 2022)
- IFRS 15 Revenue from Contracts with Customers (December 2022)
Other editions of IFRS in Practice include:
These provide a high level overview of each IFRS and Interpretation.
View the full IFRS at a Glance catalogue.
IFRS FAQs provide insights on frequently asked questions on a variety of IFRS topics. These FAQs incorporate BDO Global’s expertise as well as IFRS Interpretations Committee agenda decisions.
Sustainability/ESG reporting
- Q1 2023 Sustainability reporting update (ISRB 2023/02)
- 31 December 2022 year-end sustainability reporting update (ISRB 2023 01)
- EU Reporting – CSRD requirements finalised and first batch of ESRS delivered to the European Commission (ISRB 2022/07)
- Q3 2022 sustainability reporting update (ISRB 2022/06)
- Q2 2022 sustainability reporting update (ISRB 2022/04)
- EU Sustainability Reporting - Comparison of Draft CSRD to NFRD Requirements - as of April 2022 (ISRB 2022/03)
- Q1 2022 sustainability reporting update (ISRB 2022/02)
- 10 Questions boards should know the answer to
- 31 December 2021 year-end sustainability reporting update (ISRB 2022/01)
- International Sustainability Standards Board (ISSB) formed and prototype sustainability standards released (ISRB 2021/01).
These provide a high level overview of aspects of Sustainability Reporting.
The latest editions include:
Financial reporting in Australia
Businesses today face an ever-expanding range of accounting issues in additional to the monitoring changes in international financial reporting standards (IFRS). BDO continually explores the Australian financial reporting landscape to identify those that matter most. We’ve compiled these resources based on our findings to help you learn more about key accounting and regulatory changes, and how they may affect your business or industry.
| Date | Resource |
|---|---|
| 24/09/2021 | New financial reporting and auditing requirements for APRA superannuation funds |
| 17/12/2020 | APRA plans to align its capital and reporting frameworks with AASB 17 |
| Date | Resource |
|---|---|
| 21/07/2019 | New Conceptual Framework – Who will it apply to and when? |