A-IFRS / Westpac

Many companies are claiming that the move to A-IFRS accounting standards has made it harder to 'understand' their financial results. In my opinion, it is therefore incumbent upon these companies to explain their results to the market. Westpac has done a good job of this with their Accounting Workshop presentation back in April 2007. It nicely explains how their results are calculated and presented under A-IFRS, and how this has changed from previous standards. It maintains Westpac's good record on disclosure matters. Hopefully we will see more companies doing this sort of thing. Link to pdf file of the presenation here.