ACCOUNTING – STANDARDS – AUSTRALIA

Carbon rules could drag in commuters

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Original article by Patrick Durkin
The Australian Financial Review – Page: 1 & 10 : 23-Oct-23

Australia’s new accounting standards for carbon emissions will initially apply to large companies, before they are progressively rolled out to smaller businesses over three years. Jo Gorton from Deloitte notes that unlike some countries, the new Australian standards will not be restricted to listed companies. In addition, 15 categories of Scope 3 emissions will be covered by the new reporting regime; amongst other things, they include the emissions generated via business travel, employees commuting to work and ‘fly-in, fly-out’ workforces.

CORPORATES
DELOITTE TOUCHE TOHMATSU LIMITED

Regulator eyes bloated goodwill

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Original article by Ben Butler, Sarah Danckert
The Australian – Page: 22 : 17-Nov-14

A growing number of Australian-listed groups, especially in the private education and health services sectors, show excessive levels of goodwill. Those with a ratio of 70% or above on their balance sheets include Affinity Education, Vocation, Primary Health Care, iBuy Group, Vision Eye Institute, Allmine, Asaplus Resources and G8 Education. The issue has prompted a warning to companies about increased scrutiny of such accounting claims by the Australian Securities & Investments Commission

CORPORATES
AFFINITY EDUCATION GROUP LIMITED – ASX AFJ, VOCATION LIMITED – ASX VET, PRIMARY HEALTH CARE LIMITED – ASX PRY, IBUY GROUP LIMITED – ASX IBY, ASAPLUS RESOURCES LIMITED – ASX AJY, G8 EDUCATION LIMITED – ASX GEM, VISION EYE INSTITUTE LIMITED – ASX VEI, ALLMINE GROUP LIMITED – ASX AZG, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, FIL INVESTMENT MANAGEMENT LIMITED, FIDELITY AUSTRALIAN EQUITIES FUND, K CAPITAL PTY LTD, NM ROTHSCHILD AND SONS (AUSTRALIA) LIMITED, ENDEAVOUR COLLEGE OF NATURAL HEALTH, BAWM GROUP PTY LTD, ASPIN PTY LTD, PERPETUAL LIMITED – ASX PPT, FORGE GROUP LIMITED, LIVINGSOCIAL