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What’s new for 31 December 2020 reporting?

Our regular 6-monthly webinar, held on 5 November 2020, included considerations relating to new accounting standards and regulatory focus areas relevant for 31 December 2020 year and half-year end reporting.

Observations were shared on how the impact of COVID-19, a key focus areas of stakeholders, was reflected in the financial reports of 30 June 2020 reporters, and we highlighted the new guidance on accounting for COVID-19 rent concessions and onerous contract provisions. Finally, we provided an update on the Australian financial reporting environment before responding to your questions.

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