01 October 2004
Welcome to the October edition of Clayton Utz Corporate Insights. In this edition we look at the new international accounting standards.
The standards come close on the heels of CLERP 9 (which we analysed in July's Corporate Insights) and will affect many aspects of corporate activity, in both the legal and accounting spheres. This Insights addresses those issues, with particular emphasis on the practicalities of implementing the standards.
By Andrew Hay.
Although the new standards haven't formally come into force, companies need to factor them into budgeting and forecasting processes.
By Andrew Hay.
While it has attracted most comment and publicity, the effect on intangible assets is only one of a number of major impacts of the international accounting standards.
By Andrew Hay.
Changing the accounting treatment of items and events will have flow-on effects, under both Corporations Act requirements and business contracts.
By Andrew Hay.
Directors and executives need to ask some practical questions in order to determine their company's response to the standards.
