CONTEMPORARY ISSUES IN ACCOUNTING

CONTEMPORARY ISSUES IN ACCOUNTING
1
CONTEMPORARY
ISSUES IN
ACCOUNTING

CONTEMPORARY ISSUES IN ACCOUNTING
2
Executive summary:
The accounting standards lay down the rules and requirements with regard to accounting that
have to be followed by each company while preparing its financial statements. The company
chosen for this report is ANZ limited and it can be stated that it complies with the accounting
rules and regulations.

CONTEMPORARY ISSUES IN ACCOUNTING
3
Contents
Introduction:...............................................................................................................................4
AASB 9 Financial instruments:.............................................................................................4
AASB 15 Revenue from contracts with customers:..............................................................5
Disclosures:................................................................................................................................6
AASB 9 FINANCIAL INSTRUMENTS (AASB 9):............................................................6
AASB 15 revenue from contracts with customers:................................................................6
Conclusion:...............................................................................................................................7
References:............................................................................................................................8