- September 12, 2019 at 12:25 pm
I am confused about the requirement for using latest financial statements for Topic 8.
I want to submit my RAP this November but the company that I have selected after a lot of preliminary research has the financial year-end of 31 December. So the latest annual report that I have is 31 December 2018. The competitor company also has the same year-end.
Is this acceptable (recent enough) for use in my project if I want to submit in November, or should I wait for 31 December 2019 annual report, which will be published next year and I will have to submit in May 2020 if that’s the case?
TIASeptember 13, 2019 at 6:41 am
GillianM – OBU Registered MentorModerator
That will be fine – 3 years up to 31 December 2018 is within the rules.October 4, 2019 at 10:05 am
Hi, I’ve got a similar question but for topic 18, would it be okay to use the financial statements for the year ended July 2018 instead for the year ended July 2019? Thanks!October 8, 2019 at 6:44 am
@shawn15 – that will normally be fine (the strict rules apply only to Topics 8 & 15). With Topic 18 you are expected to show information about market share and revenue in relation with sales and promotion costs (trends).
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