When Less is More: Financial statement Disclosures

April 13, 2019

Alastair Abbott

Financial Reporting

When Less is More: Financial statement Disclosures

Still confused about what disclosures should be included and which should be omitted from your financial reports? Unfortunately many people still take that view that over-disclosure is the best option.

January 11, 2019

Alastair Abbott

NFP Peppercorn Lease accounting (Take 2)

January 11, 2019

Alastair Abbott

NFP Peppercorn Lease accounting (Take 2)

Just in time, on 24 December 2018 the AASB released a new accounting standard to provide a temporary reprieve from the complexity of peppercorn lease accounting!

December 19, 2018

Alastair Abbott

Real Estate, Trust Accounting

It is finally here ... The updated Trust Account Handbook

December 19, 2018

Alastair Abbott

Real Estate, Trust Accounting

It is finally here ... The updated Trust Account Handbook

A new requirement for a consolidated trial balance if multiple trust accounting software is used

Updated guidance on trust account name best practice
Fees to be transferred to agent's general account at least weekly
Monthly bank reconciliation to be 'as at' close of business on the last day of the month

September 10, 2018

Alastair Abbott

Example Financial Reports

September 10, 2018

Alastair Abbott

There are a number of organisations who regularly publish example financial reports …

September 3, 2018

Alastair Abbott

Time running out to update association constitution

September 3, 2018

Alastair Abbott

Time running out to update association constitution

The deadline for incorporated associations and clubs to update the rules to meet the Associations Incorporation Act 2015 (WA) requirements is 30 June 2019. Have you updated your rules yet?