Episode 54 begins with the accounting changes the team must introduce into the financial statement reporting from 1 January 2024.
Classifying liabilities affects clients through their reporting to the government, investors and credit lenders. In tight times, the ability to defer finance affects many ratios used to supply credit or assess business worth.
Explaining items is a necessity in episode 54. The explanation must comply with technical accounting rules and non-technical reporting. Accounting is the language of business and one element of a whole of business story on its financial condition and achievements. The achievements cover the businesses footprint in the environment, social activity and how it is governed.
This story helps people from all walks of life to invest, purchase or sell to the business.
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