Submission into the impact of new accountancy standards on research grants

Submission into the impact of new accountancy standards on research grants

5th November, 2019

In this submission AAMRI outlines the difficulties facing the research sector because of differing interpretations of a new accountancy standard, AASB15, including its impact on how to recognise grant revenue on time. AAMRI recommends that the standard be changed to provide the clarity the sector needs, as well as delaying its implementation until there is agreement on how the standard should be interpreted.