Not-for-profits must take heed of IFRS
Article Abstract:
The effects of the decision of adopting international accounting standards from 1 January 2005 on the not-for-profit entities are highlighted. The proposed amended definition in ED 109 covers entities whose principle objective is not the generation of a profit and because of this revision, more entities are likely to qualify as not-for-profit entities.
Publication Name: Australian CPA
Subject: Banking, finance and accounting industries
ISSN: 1440-8880
Year: 2003
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SMEs and 2005 adoption
Article Abstract:
The move towards international standards in 2005 is likely to have the biggest impact on impairment of assets and income taxes from the SME perspective. SMEs need to be alert for impairment indicators and specially disciplined in their evaluation of impairment.
Publication Name: Australian CPA
Subject: Banking, finance and accounting industries
ISSN: 1440-8880
Year: 2003
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Coming together
Article Abstract:
The tax consolidation process is complex and involves a shift in approach for most tax accountants. The tax consolidation rules comprise hundreds of pages of legislation. Questions faced by taxpayer groups are answered.
Publication Name: Australian CPA
Subject: Banking, finance and accounting industries
ISSN: 1440-8880
Year: 2003
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