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).
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.
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.
InsightUnderstanding 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.
PodcastGetting 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.
Despite numerous lockdowns throughout the COVID-19 pandemic, the essential nature of the Agribusiness, Food & Beverage sector has seen diversification and growth opportunities for many of the market participants.
Press releaseAged care providers share their perspectives on the future of ageing and age services
Today, global accounting and advisory firm, Grant Thornton released its �Perspectives on the Future of Ageing and Age Services in Australia� report, having formally submitted the report to the Royal Commission into Aged Care Quality and Safety yesterday.
InsightThe success of modern manufacturing lies in value-adding, IP and new markets
Every country wants to export � it�s part and parcel of developing prosperity. And it�s part and parcel of Australia�s economy. To be successful, we need to have a diverse range of trade partnerships and to focus on value-adding manufacturing and retaining IP here in Australia.
We explore time delays caused by unprecedented convergence of surging demand and restricted supply chains during the Covid building boom. Time can be a killer in business, none more so than for builders burning overhead and facing delay claims on wafer thin project margins.
In our podcast, Innovation and Incentives partner Sandie Boswell, discusses what makes an innovative business successful (hint � lots of passion and strategy!), blind spots to look out for, and exciting future trends in innovation.