Accounting standards wipe $17b

THE adoption of international accounting standards by Australian companies has wiped about $17 billion off balance sheets. The largest adjustments have come with changes to the accounting treatment of intangible assets, executive stock options and superannuation. The new standards bring Australian accounting into line with most developed nations and will allow for a greater comparability across financial markets, say experts.

Add your comment

BNIQ sponsored byECU School of Business and Law


6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
49 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer