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Special Purpose Financial Statements Resource Hub 

What does the end of Special Purpose Financial Statements (SPFS) mean for your clients? 

What's changing for SPFS

Download the whitepaper to understand:

What this means for accounting practices

What the current Tier 2 reporting requirements are

If there's a need to restate prior year figures

Download Ebook

Completing a set of accounts for clients used to be straightforward but things are changing for practices with clients needing Special Purpose Financial Statements (SPFS).

Preparation is key. In this white paper, we will take a closer look at what’s changing, why, and how it may affect your clients.

Ebook: Are you ready for the AASB additional disclosure requirements?

Webinars: A practical guide to financial reporting changes on Special Purpose and Tier 2 General Purpose

What’s changing for SPFS

Watch Part 1 on demand to understand:

Why has it changed

What Tier 2 general purpose financial statements are 

What it means for accountants

Get an overview of the changes to the Australian Reporting Framework effective from 30 June 2022, with sessions designed for accountants in public practice.

Watch On Demand

Watch Part 2 on demand to understand:

The answers to open questions from the first webinar

Learn how Access Software can support accountants prepare accounts under the new standards

Watch On Demand

In June 2022, The Access Group conducted the AASB 1060 Standard Changes survey with Momentum Media with 477 accountants as respondents. This survey revealed that only 13% of respondents understand the changes to AASB 1060 well, with 40% indicating they have little to no understanding.

The Access Group has now compiled resources that will help Accountants navigate through these changes and enable their practice to help their clients that are affected by this new reporting standard.