LONDON, Oct 30 (Reuters) - Standard setters have reached broad agreement on the first global rule telling companies how to book revenues in a reform that may encourage listings and bump up IT costs for telcos.
Revenue is the most important line in a company's earnings statement and policymakers want to make it easier for investors to compare firms and help bring down the cost of capital by making markets more efficient and transparent.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!