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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 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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Bite Size Dealtracker Food, Beverage & Agribusiness industry insights

Key insights for the Australian Food, Beverage & Agribusiness industry.

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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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Local, technical and financial reporting alerts

Local, technical and financial reporting alerts

2021 Local technical and financial reporting alerts

TA Alert 2021-02 ASIC to extend deadlines for 30 June 2021 financial reports and amends 'no action' position for AGMs
TA 2021-01 ASIC focus areas for 31 December 2020 financial reports

2020 Local technical and financial reporting alerts

TA 2020-19 ASIC Findings from review of 30 June 2020 financial reports
TA 2020-18 Accounting standards issued but not yet effective for December 2020
TA 2020-17 What's new for December 2020
TA 2020-16 ASIC extends financial reporting deadlines for listed and unlisted entities and amends no action position for AGMs
TA 2020-15 ASIC announces extension of AGM’s
TA 2020-14 ASIC findings from review of 31 December 2019 financial reports
TA 2020-13 ASIC focus areas for 30 June 2020 financial reports
TA 2020-12 Accounting standards issued but not yet effective for 30 June 2020
TA 2020-11 What's new for June 2020
TA 2020-10 20-113MR ASIC to further extend financial reporting deadlines for listed and unlisted entities and amends
TA 2020-09 AASB issues Exposure Draft 300 COVID-19-Related Rent Concessions
TA 2020-08 20-084MR ASIC to provide additional time for unlisted entity financial reports
TA 2020-07 ASIC announces extension of AGM
TA 2020-06 Removal of SPFS and the introduction of simplified disclosure framework
TA 2020-05 Financial Reporting Implications from Coronavirus
TA 2020-04 ASIC Infringement Regime Now Law
TA 2020-03 AASB issues ED 298 General Presentation and disclosure
TA 2020-02 IASB issues clarification on Classification of Liabilities as Current or Non-current
TA 2020-01 Accounting standards issued but not yet effective for December 2019

2019 Local technical and financial reporting alerts

TA 2019-16 Effect of AASB 16 on Net Tangible Asset Calculations
TA 2019-15 What's new for December 2019
TA 2019-14 ASIC focus areas for 31 December 2019 financial reports
TA 2019-13 Deferral of AASB 15 and AASB 1058 to research grants
TA 2019-12 Guidance on Recognition of Tax Operating Losses
TA 2019-11 ASIC findings from review of 31 December 2018 financial reports
TA 2019-10 AASB proposes removal of Special Purpose Financial Statements (SPFS) for certain For-Profit Private Sector Entities
TA 2019-09 Proposed amendments to accounting for deferred tax on leases and the current position
TA 2019-08 Update on ATO requirements for the provision of GPFS by SGEs
TA 2019-07 Accounting standards issued but not yet effective for June 2019
TA 2019-06 AASB proposes interim changes to recognition and measurement disclosures in SPFS
TA 2019-05 AASB Interpretation 23 uncertainty over income tax treatments now effective
TA 2019-04 ASIC focus areas for 30 June 2019 financial reports
TA 2019-03 What's new for June 2019
TA 2019-02 Financial reporting thresholds doubled for 'large' proprietary companies
TA 2019-01 Accounting standards issued but not yet effective for December 2018

2008 – 2018 Local technical and financial reporting alerts

The following TA alerts are currently in the process of being reviewed by the IFRS Team to ensure the content is up to date.

If you make use of these alerts in the meantime, please be mindful that they may not be up-to-date with the current requirements.

2008 - 2018

TA 2018-09 ASIC focus areas for 31 December 2018 financial report
TA 2018-08 AASB proposes relief for NFPs from fair valuing peppercorn leases
TA 2018-07 IASB issues definition of material
TA 2018-06 What’s new for December 2018
TA 2018-05 Accounting standards issued but not yet effective for 30 June 2018
TA 2018-04 New financial disclosure rules for third parties incurring political expenditure
TA 2018-03 ASIC focus areas for 30 June 2018 Financial Reports
TA 2018-02 What's New for June 2018
TA 2018-01 Accounting standards issued but not yet effective for December 2017
TA 2017-12 New income recognition requirements for not-for-profit entities
TA 2017-11 ASIC focus areas for 31 December 2017 financial reports
TA 2017-10 Designation of equity investments at FVOCI under AASB 9
TA 2017-09 What's new for December 2017
TA 2017-08 Significant global entities are now required to lodge general purpose financial statements
TA 2017-07 IASB issues new interpretation on uncertainty over income tax treatments
TA 2017-06 Accounting standards issued but not yet effective for June 2017
TA 2017-05 Accounting for reductions in company tax rates
TA 2017-04 ASIC focus areas for 30 June 2017 financial reports
TA 2017-03 IASB releases new insurance standard
TA 2017-02 What's New for June 2017
TA 2016-18 AASB releases new income recognition requirements for NFP entities
TA 2016-17 Accounting standards issued but not yet effective for December 2016
TA 2016-16 ASIC Focus Areas for 31 December 2016 financial reports
TA 2016-15 IFRIC 22 Foreign Currency Transactions and Advance Consideration
TA 2016-14 Transfers of Investment Property
TA 2016-13 Annual Improvements to IFRSs 2014-2016 Cycle
TA 2016-12 What's New for December 2016
TA 2016-11 Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Amendments to IFRS 4)
TA 2016-10 Amendments to AASB 2 Share-based Payment
TA 2016-09 ASIC focus areas for 30 June 2016 financial reports
TA 2016-08 ASIC remakes rounding financial reporting Class Order
TA 2016-07 Accounting Standards issues but not yet effective for June 2016
TA 2016-06 Clarifications to IFRS 15
TA 2016-05 What's New for June 2016
TA 2016-04 Accounting Standards issued but not yet effective for December 2015
TA 2016-03 Amendments to IAS 7
TA 2016-02 Recognition of deferred tax assets for unrealised losses
TA 2016-01 IASB releases new standard on leases
TA 2015-10 Accounting Standards issued but not yet effective - Superseded by TA 2016-04
TA 2015-09 ASIC focus areas for 31 December 2015 financial reports
TA 2015-08 What's new for December 2015
TA 2015-07 Accounting standards issued but not yet effective for June 2015
TA 2015-06 ASIC focus areas for 30 June 2015 financial reports
TA 2015-05 Change in discount rates used for measuring employee benefits
TA 2015-04 Amendments to Corporations Act 2001
TA Alert 2015-03 What's new for June 2015
TA Alert 2015-02 Amendments to AASB 101 to address disclosure overload in financial statements
TA Alert 2015-01 Accounting standards issued but not yet effective for December 2014
TA Alert 2014-15 Accounting standards issued but not yet effective for December 2014 - Superseded by TA 2015-01
TA Alert 2014-14 ASIC Focus Areas for 31 December 2014 Financial Reports
TA Alert 2014-13 What's New for December 2014
TA Alert 2014-12 Section 258F Reductions in share capital because of lost capital
TA Alert 2014-11 Equity Method in Separate Financial Statements
TA Alert 2014-10 Accounting Standards issued but not yet effective for June 2014
TA Alert 2014-09 IASB completes IFRS 'Financial Instruments'
TA Alert 2014-08 Publication of AASB 14 and Omnibus Amending Standard AASB 2014-1
TA Alert 2014-07 AASB issues new Superannuation Standard
TA Alert 2014-06 Accounting standards issued but not yet effective - Superseded by TA 2014-10
TA Alert 2014-05 ASIC focus areas for 30 June 2014 financial reports
TA Alert 2014-04 IFRS 15 Revenue from Contracts with Customers
TA Alert 2014-03 Amendments to IAS 16 and IAS 38
TA Alert 2014-02 IASB Issues Amendments to IFRS 11
TA Alert 2014-01 What's New for June 2014
TA 2013-15 ASIC findings from 30 June 2013 financial reports
TA 2013-14 Accounting standards issued but not yet effective
TA 2013-13 IASB issues amendments to IFRS 9 Financial Instruments
TA 2013-12 AASB issues guidance on determining control in the Not-for-Profit sector
TA 2013-11 ASIC focus areas for 31 December 2013 financial reports
TA 2013-10 What's New for December 201
TA Alert 2013-09 AASB issues consolidation exception for investment entities
TA Alert 2013-08 ASIC focus areas for 30 June 2013 financial reports
TA Alert 2013-07 IASB issues new interpretation on levies
TA Alert 2013-06 Accounting standards issued but not yet effective for June 2013 - Superseded by TA Alert 2013-14
TA Alert 2013-05 Impact of AASB 10 on asset managers
TA Alert 2013-04 ASIC Regulatory Guide 247: Effective disclosure in an operating and financial review
TA Alert 2013-03 ACNC Governance Standards for Charities
TA Alert 2013-02 What's new for June 2013
TA Alert 2013-01 Accounting standards issued but not yet effective - Superseded by TA Alert 2013-06
TA Alert 2012-14 Corporations Act draft amendments on Executive Remuneration and Dividends [ 145 kb ]
TA Alert 2012-10 IFRS Alert Investment Entities [ 87 kb ]
TA Alert 2012-08 ASX increased placement & revised admission [ 104 kb ]
TA Alert 2012-5 ASX Increased Placement Revised Admission [ 104 kb ]
TA Alert 2012-2 Annual Improvements 2009-2011 Cycle [ 125 kb ]
TA Alert 2012-1 AASB 7/IAS 7 Statement of Cash Flows [ 425 kb ]
TA Alert 2011-24 ASIC restrictions on disclosing non-IFRS financial information [ 53 kb ]
TA Alert 2011-20 Carbon tax financial reporting implications update. [ 140 kb ]
TA Alert 2011-18 IFRIC publishes guidance on production stripping costs in the mining sector [ 123 kb ]
TA Alert 2011-16 Carbon tax Financial reporting implications [ 81 kb ]
TA Alert 2011-15 AASB issues amending pronouncements to extend consolidated relief [ 62 kb ]
TA Alert 2011-14 No concise financial report allowed for companies limited by guarantee [ 55 kb ]
TA Alert 2011-10 Remuneration reports Better disclosure required [ 129 kb ]
TA Alert 2011-08 Amendments to IAS 19 [ 124 kb ]
TA Alert 2011-07 Amendments to IAS 1 [ 119 kb ]
TA Alert 2011-06 IASB publishes IFRS 13 Fair Value Measurements.pdf [ 119 kb ]GTAL_2011_TA Alert 2011-05 New consolidations standards issued [ 135 kb ]
TA Alert 2011-04 Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Act 2011 [ 75 kb ]
TA Alert 2011-03 Natural disasters - What are the implications to consider [ 110 kb ]
TA Alert 2010-60 Recovery of underlying assets [ 86 kb ]
TA Alert 2010-53 Additional exemptions for first-time adopters (amendments to IFRS 1) [ 78 kb ]
TA Alert 2010-51 IASB publishes restructured version of IFRS1 [ 60 kb ]
TA Alert 2010-50 IFIRC 17 Distributions of non-cash assets to owners [ 73 kb ]
TA Alert 2010-48 Disclosures - Transfer of financial assets Amendments to IFRS 7 [ 52 kb ]
TA Alert 2010-46 Director's report for a Limited by Guarantee Company [ 89 kb ]
TA Alert 2010-39 Acquisitions and disposals of assets held in a corporate shell [ 94 kb ]
TA Alert 2010-37 Changes to dividend laws [ 71 kb ]
TA Alert 2010-33 Cost of a new building constructed on the site of a previous building [ 87 kb ]
TA Alert 2010-28 Costs of an initial public offering [ 101 kb ]
TA Alert 2010-25 Equity accounting, fair value adjustments and impairment [ 104 kb ]
TA Alert 2010-24 Update Reduced Disclosure Regime [ 87 kb ]
TA Alert 2010-21 IAS 1R and the requirement for third statement of financial position [ 123 kb ]
TA Alert 2010-20 Impact of IFRS 8 on goodwill impairment testing [ 143 kb ]
TA Alert 2010-19 Leasehold make good - restoration provisions [ 87 kb ]
TA Alert 2010-17 Inventory discounts and rebates [ 98 kb ]
TA Alert 2010-13 Accounting for client money [ 110 kb ]
TA Alert 2010-12 Advertising and promotional costs [ 97 kb ]
TA Alert 2010-06 IFRS annual improvements 2010 [ 137 kb ]
TA Alert 2010-01 Application of new IFRSs issued after the reporting date [ 90 kb ]
TA Alert 2009-21 Classification of rights issues [ 56 kb ]
TA Alert 2009-20 Revised version of IAS24 Related Party Disclosures [ 59 kb ]
TA Alert 2009-17 Amendments to IFRS 2 - Group cash settled share-based payment transactions [ 33 kb ]
TA Alert 2009-16 Annual improvements 2009 [ 35 kb ]
TA Alert 2009-14 Classification of loans with covenants [ 37 kb ]
TA Alert 2009-08 Changes to share based payment agreements [ 137 kb ]

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Partner & Head of National Assurance Quality

Merilyn Gwan

Learn more about Merilyn Gwan

Partner & Head of National Assurance Quality

Merilyn Gwan

+61 2 8297 2431

Get in touch

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Local, technical and financial reporting alerts

2021 Local technical and financial reporting alerts

2020 Local technical and financial reporting alerts

2019 Local technical and financial reporting alerts

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