Article Abstract:
The impact of introducing International Financial Reporting Standards in financial services and balance sheets is discussed. According to the Australian accounting standard, the finance staff need to consider intangible assets at two levels.
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Article Abstract:
The salient provisions contained in the three new exposure drafts issued by the AASB to account for business combinations from a cost to a fair value basis are discussed.
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Article Abstract:
The consequences of new accounting international standards of Australia, on retained earnings, are examined.
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