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The Agenda and Board Papers for the AASB meeting No.153 to be held on 30-31 August  2016, are now available.

Australia and Korea are taking a lead role in tackling practical issues around the consistency of International Financial Reporting Standards (IFRS), with the launch of a new report on differences in the interpretation of common accounting terms in Korea and Australia. Read More

Some financial instruments are unique to the public sector, such as • special drawing rights;
• currency in circulation; and
• monetary gold, Neither International Financial Reporting Standards nor International Public Sector Accounting Standards specifically address these instruments. Read More

Having difficulty accounting for certain types of share-based payment transactions under AASB 2 Share-based Payment? The AASB has issued AASB 2016-5 Amendments to Australian Accounting Standards – Classification and Measurement of Share-based Payment Transactions. Read More

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