On Thursday 29 May, Hall Chadwick WA hosted a comprehensive client update to help businesses prepare for the 30 June 2025 financial year-end. The event covered key changes in accounting standards, disclosure requirements, and regulatory focus areas, offering timely insights for financial reporting and compliance.

Key topics included:

  • New standards effective for the first time, including changes to AASB 101, supplier finance arrangements, and leaseback transactions.
  • A first look at AASB 18, introducing a more structured income statement and requirements for management-defined performance measures (MPMs).
  • An economic update exploring inflation, interest rates, and industry pressures—and how these factors impact accounting judgments and disclosures.
  • ASIC’s current areas of focus, surveillance findings, and common pitfalls in financial reporting.
  • Insights into sustainability/ESG reporting timelines and proposed updates to ASX Corporate Governance Principles.

The session provided valuable, practical guidance to support businesses as they navigate the evolving reporting landscape and meet upcoming compliance obligations.


🎥 Watch the Full Presentation
Missed the event? You can catch up by watching the full recording, available below:


📄 View the Presentation Slides
Prefer to browse through the content? Download the full set of presentation slides here for a detailed overview of what was covered:

2025 Accounting Standards Update

To understand how these updates may impact your financial reporting or compliance obligations, contact the Hall Chadwick WA team for expert guidance and personalised support.