Cost Base Adjustment

Investment expenses have been capitalized under the Listed shares in Australia as separate investment in FY2016 and not allocated to the cost base of relevant investment.
How can i correct this in FY2017?
Can I recognize those expenses as investment expenses in the income statement in FY2017?

Hi @Priyantha

To correct this for the 2017 FY, you could do the following:

If you’re capitalising the expenses, it would be unlikely that you could also recognise them as an expense.

Hope that helps!