Australian Government
Australian Accounting Standards Board
AASB staff will host a series of webinars on the removal of SPFS and the introduction of simplified disclosures.
The first webinar in the series is scheduled on Tuesday 27 April 2021 from 12:00pm to 1.00pm (AEST). This webinar will cover:
- which for-profit private sector entities are affected
- what they need to know about preparing their first set of simplified disclosures financial statements; and
- for those entities that are not in-scope and can continue to prepare SPFS, what this means for them.
Please register for the Part 1 webinar via this link.
The second webinar in the series is scheduled on Monday 10 May 2021 from 12:00pm to 1:00pm (AEST). This webinar will explain what the removal of SPFS means for those entities that are in-scope. For example:
- how will an entity’s transition from SPFS be affected by its compliance or otherwise with the recognition and measurement requirements in Australian Accounting Standards; and
- if preparing consolidated financial statements for the first time, what additional transitional relief is available.
Please register for the Part 2 webinar via this link.
The third webinar in the series is scheduled Tuesday 25 May 2021 from 12:00pm to 1:00pm (AEST). This webinar will be co-presented with AUASB staff and will cover audit implications arising from the removal of SPFS and the transition to the simplified disclosure Standard.
Please register for the Part 3 webinar via this link