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8 Apr. 2021

Forthcoming webinars – the removal of SPFS and the introduction of simplified disclosures

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.