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Technical publications Example financial statements

The IFRS team at Grant Thornton Australia produces example financial statements to illustrate the application of the requirements in Australian Accounting Standards (AASBs) which incorporate International Financial Reporting Standards (IFRSs) as issued by the International Accounting Standards Board (IASB).

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Federal Budget Looking back to look forward

The ‘Federal Budget: A 10 year retrospective’ report was meant to provide the basis for change for industries with significant potential but lacking support at a policy level.

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Essential 8 Internal Audit during COVID-19

As organisations are navigating a new reality – confronting interruptions and disruptions – it is more vital than ever that organisations ensure good risk mitigation practices remain in place to manage rapidly evolving risks and minimise impacts.

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Report Dealtracker 2020

We have released the seventh edition of Dealtracker, our analysis of the Australian M&A and equity markets. Covering transactions during the 18 month period from1 January 2019 to 30 June 2020, we saw a significant decrease in deals in H1 2020 as the world responded to the COVID-19 pandemic.

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Podcast When cash is king – where do you turn when the banks pull back?

During the Global Financial Crisis we saw a tightening of liquidity from traditional sources – which took a period of nearly five years to bounce back.

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Insight Understanding the early warning signs of insolvency

With the world in the grips of COVID-19 and facing tough knock-on effects to all parts of the economy, the Australian Government has released multiple massive support packages to provide relief to individuals and business owners.

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Podcast Getting your house in order - What happens when the COVID support measures end?

When COVID hit, the combination of JobKeeper, banks deferring principal and interest payments, and temporary changes to insolvency laws gave businesses some much needed breathing space – preventing the immediate tsunami of insolvencies many were anticipating.

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Insight Setting up a business presence in Australia

We have all seen the continued impact COVID-19 has had not only on businesses in general, but more broadly the global economy.

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Insight Deliberately (re)designing your organisation as you step out of COVID-19

As the old adage goes: ‘never let a crisis go to waste’. As a result of COVID-19, business owners and leaders now find themselves in an unfamiliar position.

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Dealtracker Agribusiness, Food & Beverage Dealtracker

Agribusiness, Food & Beverage Dealtracker

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Federal Budget It’s time to remove the great blind spots in our resource sector

Largely left to operate on its own, the resources sector has been a stalwart of the Australian economy.

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Insight Financial services consolidate to provide better services

More M&A as Financial Services organisations seek to consolidate for improved customer experiences.

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Press release Aged care providers share their perspectives on the future of ageing and age services

Today, global accounting and advisory firm, Grant Thornton released its ‘Perspectives on the Future of Ageing and Age Services in Australia’ report, having formally submitted the report to the Royal Commission into Aged Care Quality and Safety yesterday.

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Podcast Australian life sciences companies need to be born global

We’ve never been more aware of where our pharmaceuticals and medical products come from, or how long therapeutics take to go from research to product.

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Insight The success of modern manufacturing lies in value-adding, IP and new markets

Every country wants to export – it’s part and parcel of developing prosperity. And it’s part and parcel of Australia’s economy. To be successful, we need to have a diverse range of trade partnerships and to focus on value-adding manufacturing and retaining IP here in Australia.

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NATIONAL OUTCOMES MEASUREMENT PROGRAM A practical framework

Royal Commissions and federal budgets are critical things for Nonprofit human service providers to be thinking about at this point in time.

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Podcast Riding the storm: Is the partnership model dead?

The professional services landscape has changed with COVID-19. The more agile the firm, the better placed they were to ride out the storm.

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Insight Supply chain delays

We explore time delays caused by unprecedented convergence of surging demand and restricted supply chains during the Covid building boom. Time can be a killer in business, none more so than for builders burning overhead and facing delay claims on wafer thin project margins.

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Insight Jab jitters: retailers grapple with vax rules

Sydney’s lockdown ended overnight, with midnight haircuts, gym sessions and early morning shopping queues highlighting the enormous relief felt across the city.

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Podcast How to commercialise a great idea

In our podcast, Innovation and Incentives partner Sandie Boswell, discusses what makes an innovative business successful (hint – lots of passion and strategy!), blind spots to look out for, and exciting future trends in innovation.

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Beyond COVID

Beyond COVID

In the middle of last year, economists and policymakers were preparing us for the worst recession since World War 2 thanks to the havoc caused by the COVID pandemic. Record unemployment and decades of debt lay ahead of us.

However, in March 2021 – nearly a year after COVID closed Australia down – our economic and health outlook is much more promising. The recession didn’t quite eventuate, companies managed to stay afloat and viable vaccinations were found much sooner than anticipated. Of course, the record debt remains, but it is considerably more serviceable as the economy recovers.

International Monetary Fund projections from January suggest a much more stable year ahead of us with growth in jobs and trade if the global vaccination programs continue and are effective. Australia, by virtue of our distance, is in one of the strongest positions to not only rebound, but claim new ground in a reshaped global economy.

No matter where your business is, we can support you to take advantage of new domestic and international opportunities, adapt to new consumer trends, do more with less, and set your business up for long-term success.

Roadmap Australia

When going back to the way things were isn’t an option, it’s important to have a roadmap for what lies ahead. The Australian Government has shown its hand by prioritising six industries to invest in both domestically and as part of global supply chains. These are the sectors that Australia wants to be “famous” for in the global marketplace. However, the Australian economy is incredibly diverse, and not everyone falls within the six priority sectors. Our leaders look back a decade at 13 different sectors to help paint a picture of what the future may hold.

Federal Budget 2021-22 Report

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Modern Manufacturing Initiative

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10 Year Retrospective Report

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Navigating the new normal

Opportunities to embrace change and build in resilience to face future uncertainty are abundant now, as is the time to assess your structures and plans to support your people and your clients.

Preserving cash flow and unlocking capital

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Redesign your operations

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Essential 8

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Restructuring & turnaround

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Hear from our experts

How has COVID-19 changed how businesses survive and how can they set themselves up to thrive, now and into the future? From business strategy, to industry innovation and economic landscape analysis, we've brought together our experts to unpack how Australian businesses are doing things differently and setting themselves up for success beyond COVID.

The trend towards Employee Share Schemes shows no sign of abating

27 May 2021

A solid budget, but a reckoning is coming on international borders

18 May 2021

Smart food & beverage manufacturing is so much more than packaging

28 April 2021

Fulfilling Australia's Modern Manufacturing vision

15 April 2021

Australian life sciences companies need to be born global

30 March 21

The million dollar question: is stamp duty or land tax better?

18 March 2021

Rivers of Data: Quid pro quo and data analytics

4 March 2021

Being a good corporate citizen is about more than just compliance

17 Feb 2021

Tech enabled businesses to dominate M&A in 2021

09 Feb 2021

Mining Boom 3.0 is about being smarter, not necessarily bigger

29 Oct 2020

A once in a lifetime budget

14 Oct 2020

The changing shape of retail

30 Sept 2020

A green-led COVID recovery: Australia’s energy week

24 Sept 2020

ASX listings to pick up in the run up to Christmas

16 Sept 2020

Brave new world

9 Sept 2020

Disrupted or disruptor?

2 Sept 2020

Park your innovation dollar here

8 August 2020

The future of manufacturing looks optimistic

5 August 2020

No such thing as a quick recovery

29 July 2020

Is COVID-19 the catalyst for a changing of the guard for family business?

22 July 2020

Getting your house in order – what happens when the COVID support measures end?

22 July 2020

When cash is king – where do you turn when the banks pull back?

08 July 2020

Is this the death of the CBD?

24 June 2020

Do we need to turn higher education on its head to ensure skills for the future?

17 June 2020

To address our record deficit we need real tax reform

10 June 2020

It’s not a return to work, it’s a redesign of work

03 June 2020

Riding the storm: Is the partnership model dead?

27 May 2020

Resilient and nimble: how Australia’s producers are adapting to COVID-19

20 May 2020

Where Minecraft meets history: convergence of the learning and digital worlds

13 May 2020

Coronavirus and the dark web: if you haven’t experienced a cyberattack yet, you will

6 May 2020

Necessity is the mother of invention: Managing a remote workforce and maintaining engagement

29 April 2020

Gearing up for a manufacturing renaissance

24 April 2020

A Darwinian workforce - The environment has changed so much, it’s survival of the fittest

17 April 2020

Residential and commercial real estate feeling the effects from COVID-19

14 April 2020

Automation station – how essential retailers are changing our shopping experience

8 April 2020

Harnessing culture in COVID-19

1 April 2020

Retailers scramble for innovation in the face of Coronavirus carnage

31 March 2020

The banks have an important role to play in our economic stability

26 March 2020

COVID-19 will have a massive impact on our economy

19 March 2020

One tap turned off, another one turned on?

Stimulus and support will slowly be replaced by incentives so that businesses can create the jobs of the future. With JobKeeper slated to end in March 2021, the Commercial Tenancies Code tied to JobKeeper, we expect to see a transition period as businesses navigate the rest of the year without the padding of Government support. Not all industries are doing as well as others though, with the Government highlighting some sectors – such as tourism – as requiring additional support.