Latest Accounting News: Australia's Struggle with New Standards and IASB Exposure Draft on Property, Plant and Equipment
VerifiedAI Summary
This report by Desklib discusses the impact of recent changes in accounting standards implemented by AASB on the performance of business corporations in Australia. It also evaluates the exposure draft published by IASB on property, plant and equipment and the comments received on it. The report provides feedback on the proposed changes in IAS 16: Property, plant and Equipment. The subject matter is accounting and finance, and the course code and college/university are not mentioned.