12 December 2007 edition of LG "Debits & Credits"

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CONTENTS this Issue:

1. Current Issues in “all things accounting and Local Government”

At the NSW Local Government Industry:
1.1 Dates to Remember This Month and Next for NSW Councils…
1.2 NSW DLG Circulars to note

At a National Level:
1.3 Latest news from the AASB.

On the World Stage:
All quiet in this direction!


2. Australian International Financial Reporting Standards (AIFRS) Review

Accounting for the Impairment of Investments taking into consideration AASB 139 – Financial Instruments: Recognition & Measurement.


3. Best Practice Guide

Our Best Practice Guides series will be back again in 2008!


4. This Edition’s Question & Answer

1. Audit Tenders
2. Implications from Fair Valuation movements in Councils Investments and Available Working Capital


5. Did you know…

Dell Incorporated: Internal Controls, deficiencies and implications.