On 10 May 2021, AASB staff hosted the second webinar in a series on the removal of special purpose financial statements and the introduction of simplified disclosures.
This webinar explained the transition relief and options available for entities that will be required to transition to AASB 1060. For example:
• how an entity currently preparing Tier 2 – RDR financial statements will transition; and
• how an entity currently preparing SPFS will transition, including how the transition is affected by the entity’s compliance or otherwise with the recognition, measurement, consolidation and equity accounting requirements in Australian Accounting Standards.
The slide pack can be found on the website here. A recording of the webinar is also available on our YouTube channel for those of you who missed it. Watch it here.