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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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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 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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Royal Commission wrap up Top 10 things for Financial Services providers

Eleven months on from the first round of hearings for the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, Commissioner Hayne’s final report has been released.

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Aged Care Royal Commission Perspectives on the Future of Ageing

Transitions in ageing are not consistent and systematic as they are described by our ageing systems. Sometimes they are incremental, sometimes accidental, sometimes monumental, and they are always personal. We can create something better.

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Biotechnology Industry Position survey Australia's biotechnology industry drives economic growth

The 2019 Biotechnology Industry Position survey conducted by Ausbiotech and supported by Grant Thornton has revealed that new technologies across regenerative medicine and medicinal cannabis are disrupting the industry, and Australia's global strength in clinical trials continues to drive contributions to the economic and social fabric of the country.

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mid-sized business report Manufacturing is critical to our economy – how can we support the sector?

Although the knock-on effects of the Australian automotive industry exiting our country are yet to be fully understood, the industry is evolving, and manufacturing continues to be a major employer and critical to our overall economy.

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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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mid-sized business report Supporting affordable housing requires planning, certainty – and tax reform

There is a lot of noise around the property sector at the moment – and it’s not all positive. Prices are down – but this shouldn’t be a surprise when some markets (namely Sydney & Melbourne) saw unprecedented hikes in recent years.

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GNC Group Consulting The Technology Trap: Online innovation in retail

I recently attended the NRF Retail Big Show in New York, an overwhelming smorgasbord of retail technology and new store concepts.

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Scaling-up for Growth From start-up to scale-up

Navigating the complexities of growth and maintaining previous success is a challenge for all mid-size businesses.

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Grant Thornton Australia | Audit, Tax and Advisory
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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.