New Accounting Standards Revolutionize Income Reporting Worldwide
The way companies show their costs and revenues in financial reports has changed over time. In the past, they used to separate regular and special costs and revenues, but now they don't always do that. In the 1990s, international and Italian accounting rules required this separation, but now it's not always necessary. In Italy, people are discussing whether to use a new way of separating income components based on whether they are related to the company's main activities or not.