Six things to remember for 30 June 2023 annual and half-year financial statements

We share six things you need to consider for 30 June financial statements, including accounting in times of uncertainty, climate-related impacts, and new standards. 

IASB approves mandatory temporary exception for deferred taxes arising from Pillar Two top up tax

Entities subject to Pillar Two income taxes will not be permitted to recognise, or disclose information about, deferred tax assets and deferred tax liabilities related to Pillar Two income taxes.

IASB approves changes to the accounting for supplier finance arrangements

For years beginning on or after 1 January 2024, Tier 1 entities will have to disclose information about the effects of supplier finance arrangements on liabilities and cash flows and the entity’s exposure to liquidity risk. 

New publications

The Audit section of our website includes a range of publications on accounting standards issues. For example:

The BDO Global site includes resources such as: