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      Guidance for 30 June 2026 financial reporting

      KPMG’s financial reporting webinar focuses on new accounting standards effective and available for early adoption, ASIC’s focus areas and important regulatory updates that impact interim and annual financial reports at 30 June 2026. We also share our experience and learnings from helping our clients with their preparation of December 2025 sustainability reports.

      We provide a refresher on two areas where we get recurring questions from our clients and engagement teams: accounting for onerous contracts and classification of cash and cash equivalents.



      What’s new for 30 June 2026 financial reporting?

      The international and local standard setters are continuing to develop new accounting standards and amendments to address stakeholder needs for better information, including the IFRS Interpretations Committee meeting to make IFRIC agenda decisions.

      December Group 1 reporters have now prepared mandatory sustainability reports for the first time, as June Group 1 reporters follow suit.

      In times of geopolitical and economic uncertainty, regulator and investor groups seek reliable information from fair and transparent reporting. Timely reporting also remains as continued focus area.



      Watch the 30 June 2026 Financial Reporting Webinar

      In our webinar we discuss:

      1. New accounting standards and IFRIC agenda decisions effective for 30 June 2026
      2. Important regulatory updates and ASIC’s focus areas 
      3. Accounting for onerous contracts
      4. Classification of cash and cash equivalents
      5. Updates on Australian sustainability reporting
      6. Forthcoming standards and amendments available for early adoption as at 30 June 2026.


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      Are you ready for 30 June 2026 reporting?

      Financial reporting webinar presentation slides


      Tips for 30 June 2026 financial reporting

      • Review the newly effective accounting standard amendments

        and IFRIC Agenda Decisions and assess their impact on your organisation.

      • Remain alert to regulatory developments

        and ASIC’s focus areas, consider whether they impact the preparation of your organisation’s financial statements.

      • Consider whether there may be a need for onerous contract provision

        by identifying clearly distinguishable cashflows from sales and purchases contracts.

      • Understand the terms of your deposit arrangements

        and whether they can still meet the definition of cash and cash equivalents.

      • Start thinking about the implementation of AASB 18

        and how the standard might impact your business. Visit our AASB 18 Presentation and Disclosure in Financial Statements page for more guidance and our past webinars.

      • Consider the content in your sustainability report

        and whether it provides sufficient and relevant information for your users. Visit our Sustainability and climate change financial reporting page for more guidance.



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      Further financial reporting resources

      Resources and guidance for the preparation of relevant, compliant and useful financial reports.

      General purpose financial statements illustrating financial reporting requirements in Australia.

      Australian sustainability reporting standards are now in effect, with first annual reporting periods beginning 1 January 2025 for Group 1 entities.