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AASB Standards Report

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This is a comprehensive standards report in which i received a high distinction mark.

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9 Pages Essays / Projects 1-2 Years old
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AASB Standards Report
Topics this document covers:
Economy Business economics Accounting International Financial Reporting Standards Financial regulation Revenue Accounting standards Australian Accounting Standards Board IFRS 15 IFRS 1 Revenue recognition Financial accounting
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Topics this document covers:
Economy Business economics Accounting International Financial Reporting Standards Financial regulation Revenue Accounting standards Australian Accounting Standards Board IFRS 15 IFRS 1 Revenue recognition Financial accounting
Sample Text:
We have created this report to assist Boral Ltd as they consider and review their own accounting in processes in anticipation for the changes AASB 15 will bring. Through the comprehensive evaluation of the existing and new framework, we firmly believe that the creation of a single standard has the potential to benefit construction firms by increasing the freedom in the reporting of revenues which will strengthen the accuracy of financial reports. Moreover we believe that the convergence of AASB 111 and ASB 118 wil...
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