Accounting standards

Cloud computing implementation costs may impact P&L accounts for June 2021 year-ends, following new ruling

Many ASX200 companies may have to put expenditure incurred during the implementation of a cloud computing supplier arrangement into their profit and loss account for their 30 June 2021 year-ends

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Australian companies grappling with accounting standards shake-up

The normally sedate world of accounting is currently undergoing its biggest shake-up since Australia joined the International Financial Reporting Standards (IFRS) regime back in 2005.

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