- An alternative form of profit & loss statement is intended to be implemented. This new form should divide expenses into groups according to their purpose rather than type of costs.
- The concept of accounting period will change, and it is reported that the use of non-calendar year accounting periods will be permitted.
- An Information Centre is proposed to be established to store obligatory financial statements and annual reports.
The new Act should be introduced most likely for calendar year 1998.
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