Australia

Details

  • Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Type: Regulatory update
  • Date: 1/05/2014

IFRS In the Headlines

IFRS In the Headlines
In the Headlines (formerly IFRS Briefing Sheets) provide a timely update on International Financial Reporting Standards (IFRS) developments.

Accounting for dynamic risk management activities (2014/06) 

This In the Headlines looks at the issues addressed by a recently issued discussion paper from the IASB on a new approach for macro hedge accounting.

These amendments now bring AASB’s into line with the requirements of International Financial Reporting Standards issued in 2012, i.e. without the need for disclosure of additional consolidated information in the notes.