Lessons From 30 June 2025 Reporting Period

Many of us are emerging from the chaos of 30 June year end reporting so it is a good time to reflect on some of the lessons learned and common queries received by our teams.

We discussed ASIC REP819 above, in this report they highlighted three areas of financial reporting where companies could improve and these are consistent with the conversations we had with many of our clients.

In addition to the ‘big 3’ above, we had a range of technical discussions including:

• Capitalisation of software costs
• Convertible notes, and
• Share-based payments.

The key message is to identify issues as soon as possible and prepare position papers covering the background of the transaction and appropriate accounting treatment in accordance with the accounting standards.

Ideally, the accounting treatment for complex transactions should be agreed before year-end to avoid unexpected issues. Even better, accounting considerations should be factored in during the negotiation stage, where possible, so that terms and conditions can be structured in a way that aligns with the desired accounting outcome.

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Disclaimer: This information is general in nature and should not be relied on as advice. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs and seek professional advice before making any decisions based on this information.