AASB 5/IFRS 5 Guide
'Non-current Assets Held For Sale and Discontinued Operations - Challenges in Applying IFRS 5' is a publication by the IFRS team at Grant Thornton International Ltd. IFRS 5 Non-current Assets Held for Sale and Discontinued Operations (IFRS 5) which is identical to AASB 5 Non-current Assets Held for Sale and Discontinued Operations, apart from Australian regulatory references, is not a new standard but experience has shown that implementing it can be a complex and time-consuming exercise. Significant judgment is required in some areas. Management and auditors should therefore assess the impact of IFRS 5 as soon as they become aware that it may be relevant. This publication explains IFRS 5's key implementation issues, common approaches to practical application and also includes several examples illustrating the Standard's disclosure and presentation requirements.
Click here to view this guide
For further information on this publication or the issues raised in it, please contact Keith Reilly, National Head of Professional Standards - kreilly@gtnsw.com.au
The review highlights the performance of member firms, their presence and role in the profession. It details the governance, quality control structures and risk management policies of Grant Thornton International.
This guide has been prepared for the assistance of those interested in doing business in Australia. It does not cover the subject exhaustively but is intended to answer someof the important, broad questions that may arise.
Grant Thornton member firms have compiled a set of example financial statements to help clients with meet their IFRS requirements.
A publication that specifically looks at the changes to Australia’s superannuation system proposed in the 2006/07 Federal Budget.
This half-yearly publication provides an indication of best practice achieved by metropolitan dealerships in the retail motor industry.
An insight into international capital markets.
PRIMA® is a systematic means to managing a family business. It is a way of compartmentalizing issues and dealing with them in a sensible, pragmatic and prioritized fashion. This document outlines Grant Thornton’s 12 factor PRIMA® framework.
View Document