In our July 2015 newsletter we provided a high level overview of the new revenue recognition standard AASB 15 Revenue from Contracts with Customers. In this month’s newsletter we look more closely at the treatment of incremental costs of obtaining a customer contract under the new revenue standard. 1.    Costs of Obtaining Contracts with Customers […]

In this month’s newsletter, we discuss the financial reporting by an entity when it undertakes a share-based payment transaction. The newsletter addresses why AASB 2 Share-based Payment exists in the first place, the scope of AASB 2, as well as some practical examples of the accounting treatment of cash-settled and equity settled share-based payments. 1.    Why does […]