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Understanding AASB 2022-10: Fair Value Measurement for Not-for-Profit Public Sector Entities
The Australia Accounting Standards Board (AASB) has introduced a significant update with the AASB 2022-10 standard, focused on the fair value measurement of non-financial assets held by not-for-profit public sector entities. This standard is designed to improve...
Wage growth in the construction industry and it’s impact on project costs
Wages growth in the construction, infrastructure, mining, and defence sectors has been a focal point in recent years. Agreements with unions, such as those involving the Queensland Government and Multiplex, have driven significant wage increases, particularly for...
Ensuring electricity and power security: A comprehensive overview
Ensuring electricity and power security: A comprehensive overview In an era where energy demands continually escalate, securing a reliable and sustainable electricity supply is paramount. The balance between leveraging existing energy sources and transitioning...
Navigating the volatile terrain of nickel and lithium markets amid global supply and demand shifts
Navigating the volatile terrain of nickel and lithium markets amid global supply and demand shifts As the global economy continues to evolve, the commodities market, particularly for nickel and lithium, has witnessed significant fluctuations. Asset Valuation...
Australia’s industrial property market: A rising star
Australia's industrial property market has emerged from obscurity to become a significant player in recent years. The exponential rise of e-commerce and international trade dynamics drives its impressive growth. The rapid shift towards online shopping, amplified by...
Hard Insurance Market: Spotlight on Asset Value Declarations
The global insurance market has recently entered a hardening phase, marked by reduced capacity, increased premium rates, and stricter underwriting criteria. This challenging environment has shifted the spotlight onto asset value declarations from underwriters and...