Australian Accounting Standards and Financial Reporting

This assignment discusses various changes and updates made to the Australian Accounting Standards (AASB) from December 2017 to March 2018. The AASB issued several amendments affecting financial reporting, including changes to comprehensive income, accounting for property, plant, and equipment, and presenting dividends paid in the statement of changes in equity. The assignment also touches on the importance of matching concept in accounting and its application in determining warranty payable.