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Financial Accounts Workshop - 2019 NOTES

Thomson Reuters is delighted to present the leading financial accounting workshops for 2019. You need deep and current knowledge to produce compliant financial reports as rules keep changing and new issues emerge. Let our experienced presenter help you refresh your industry knowledge and consolidate your skills. Use this friendly and detailed workshop notes to stay on top of your financial accounts challenges.



  • Clear explanations of developments in laws, standards, interpretations and regulatory actions
  • See what changes affect which regimes – Tier 1, RDR, NFP, SPFR + Ch 2M.3, ACNC, etc.
  • Translation of “legalese” into plain English and practical application
  • Apply your knowledge with case study exercises and opportunities to ask questions   


  • Gain a clear understanding of the developments in laws, standards, interpretations and regulator actions
  • Be confident you’re not missing changes and getting out of date
  • Take away illustrations of key report components with current period changes identified
  • Translate theory into practice with case studies and illustrations
  • Be prepared: know what regulators and auditors focus upon
  • You can focus on major items because we’ve sorted the volumes of material for you
  • Work with a presenter who understands a wide cross-section of accounts (listed, not-for-profit, general and special purpose, financial services licensees, registered clubs, financial and property investors, etc.)


  • All the changes to who has to prepare accounts and what they have to prepare
    • Includes implications of revised proprietary company thresholds
  • Applying the new revenue standard AASB 15, focussing on transition calculations and disclosures
    • Disclosing the new accounting policies;
    • Disclosing the transition elections and the reconciliation from previous accounting;
    • Disclosing significant estimates and judgements, such as expected value calculations and recognition constraint assumptions; and
    • Disclosing disaggregated revenue, describing revenue transactions and recognition specific to your entity, avoiding excess and inappropriate disclosure, distinguishing Tier 1 and RDR obligations.
  • Applying the new and revised financial instruments standards AASB 9 and 7, focussing on transition and disclosures:
    • Making a new credit loss (impairment) calculation that is right for your entity;
    • Disclosing the new accounting policies;
    • Disclosing new classifications and reconciliation from previous ones; and
    • Updating risk and other disclosures to match the new line items and measures.
  • Preparing for the new lease accounting under AASB 16, including:
    • What it takes to make materially accurate impact disclosures that ASIC expects at June 2019
    • Worksheets illustrating new variables needed for the lease liability calculations
  • Not-for-Profit Income accounting – understand and prepare for AASB 1058
    • The difficult judgements in deciding what is sufficiently specific and legally enforceable
    • Case study identifying agreement clauses to change in 2018 to avoid 2019 hassles
  • Making materiality judgements – multiple recent sources of new guidance, and why today’s accounts preparation needs robust application of materiality
  • Charities – new compliance areas targeted for charity eligibility, plus more dual lodgement relief
  • Asset impairment
    • Common mistakes revealed by ASIC interventions, and how to avoid them
    • Appropriate approaches by NFP entities
  • Directors’ Reports and Non-financial Information back in ASIC’s focus
  • Issues in accounting for Income Tax such as hybrid mismatch rules and disclosures about income tax uncertainty
  • Recognising liabilities for onerous contracts
  • Understanding the revised Conceptual Framework
    • What do the changes in definitions of Assets and Liabilities mean for you?
    • Update on the AASB’s multi-phase change to the Reporting Entity concept and Special Purpose Financial Statements


The workshop provides a “how-to” focus on accounts preparation suitable for:

  • Preparers and auditors of any financial statements that apply accounting standards, including statutory special purpose financial statements
  • Financial controllers
  • Financial accountants
  • Partners and staff of accounting practices
  • Company secretaries with annual report responsibilities
  • Accountants in not-for-profit entities
  • Finance managers
  • Anyone seeking explanations of “how to” prepare accounts, rather than high-level summaries of changes


David Sauer B. Com., FCA
Principal, David Sauer, Chartered Accountant

David has provided practical professional development for accountants across Australia for over 30 years. He worked at Moore Stephens providing audit and consulting services to a full range of clients before establishing his own practice in 1994. He has worked closely with the accounting bodies, to deliver professional development and service members--for example, working on CPA Australia’s technical hotline for 5 years. His training services are appreciated because of his understanding of the technical issues combined with an ability to communicate with affected parties of widely differing backgrounds. This has also resulted in his authorship of a range of implementation guides and templates, assisting with the translation of rules into compliant outcomes.


Cancellations made 3 days or more prior to the events start date can be rescheduled to a more suitable date or Refunded
Cancellations made less than 24 hours of the events start date or after the event has started: No refund
No shows - No Refund







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