If there is one issue that gets people ”going”, it is when they, or their elderly relatives, hit the rest-home system and the spectre of residential care subsidies/charges and asset/income thresholds appears on the horizon.
As the excitement builds for tonight’s State of Origin decider, I’ve been thinking about the unique team environment that Origin players must operate in.
We’ve all heard the “Mate Against Mate” line and watching week-in-week-out teammates play against each other usually gives us a really exciting game of footy.
But what is it like inside the team camps? How do players go out on the field and aim to smash guys they usually play alongside?
Part I: What’s the Value in a PPA?
A Purchase Price Accounting (PPA) is the process of allocating the consideration paid in a business acquisition (“Business Combination”) to the assets acquired and liabilities assumed (including intangible assets). It provides a day one balance sheet for the acquirer, setting out the individual assets/liabilities that have been acquired from the target company. The PPA process analyses individual assets and business processes in a level of detail that is often not explored. Fundamental to this analysis is a clear understanding of the target’s core operational drivers.
AASB 124 Related Party Disclosures came into effect on 1 July 2016 for not-for-profit public sector entities. The purpose of disclosures about related parties is that knowledge of an entity’s financial relationships with related parties may affect how a user of the financial statements assesses an entity, including the appropriateness of its transactions with, and exposures to, related parties.
Although many public sector entities, such as departments and statutory bodies, have been disclosing compensation paid to key management personnel (KMP) for many years, these disclosures will be new for some entities such as local governments.
Encouraged by its recent win in the landmark Chevron court case, the Australian Taxation Office (ATO) has today released new compliance guidelines targeting intragroup loans and other financial arrangements of multinational companies.
This is an important development for the ATO, as it expects to raise significant tax revenue as a result, and it also means compliance costs will increase for taxpayers.
The goal of ransomware is to lock you out of your PC by encrypting the hard-drive and demanding payment to reverse the damage.
The threat of being infected by viruses is constant and any system is potentially vulnerable, from office networks to personal home computers. However, there are three main steps you can take that greatly reduce the risk of being affected.