What do we think of this? Can anyone with a good knowledge of...

What do we think of this? Can anyone with a good knowledge of the subject explain how their old accounting policy was out of line with Australian industry practice?



Change of Accounting Policy

As a result of rapid growth, Spectur recently conducted an in-depth review of its accounting policies. In particular, the presentation of the Statement of Financial Performance. As a result of the review it is changing its accounting policy to bring it into line with current Australian industry practice. Using a standard costing per unit basis gives the Company an estimated margin for the first quarter of 2018 of between 40-45%