New rule to ring in costly accounting change, some M'sians likely to welcome it

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.