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Accounting practice

The Office of Local Government provides support and advice to councils through the Local Government Code of Accounting Practice and Financial Reporting.


 

OLG Financial Reporting Roadshow 2018

The Office of Local Government is conducting a series of information sessions on impending Accounting Standards and the auditing of financial reports which aim to support council finance staff in their roles relating to accounting and financial reporting.. There will also be an opportunity to discuss accounting issues and provide input in financial reporting policy and guidelines.
The information sessions will be held at 8 venues across NSW during March 2018, and are designed for council finance staff who play a role in the accounting and financial reporting functions.
The sessions will include
o   an overview of the three new accounting standards that will apply to financial statements in the near future:
§  AASB 15 Revenue from Contracts with Customers,
o   AASB 1058 Income of Not-for-Profit entities
§  AASB 9 Financial Instruments, and
§  AASB 16 Leases
o   2016-17 auditing of financial reports (Audit Office observations and themes)
o   discussion on accounting issues, policies and guidance.

 

WORKSHOP DATES & LOCATIONS

Date Location Event Registration
Monday 
12 March 2018
CEX Coffs, 1 Vernon St, Coffs Harbour
(Rainbow Room)
Tuesday
13 March 2018
Tamworth Services Club 191 Marius Street, Tamworth (Russell Room)
Wednesday 
14 March 2018
Dubbo RSL, 78 Brisbane St, Dubbo
(Jacaranda room)
Thursday
15 March 2018
Orange Council Chambers and workroom, Civic Centre, Cnr Byng Street and Loards Place, Orange
Monday
26 March 2018
Wesley Conference Centre, 220 Pitt St, Sydney
(Lyceum Room)
Tuesday
27 March 2018
Parramatta RSL, 2 Macquarie Street Parramatta
(Macquarie Room)
Wednesday
28 March 2018
Wagga RSL Club, Cnr Dobbs & Kincaid Streets, Wagga Wagga  (Pacific Lounge)
Tuesday
24 April 2018
Rydges Plaza, Merewether Street and Wharf Road, Newcastle

 

 

Draft Code of Accounting Practice and Financial Reporting (update 26) for the 2017-18 reporting period

Presentation Slides and Video Recording

 

Documents are available in ‘Related Downloads’.

  • The consultation period for the draft Code#26 closes 2 February 2018
  • All Questions and any feedback to be provided to: code@olg.nsw.gov.au

 

 

Related Documents

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