Big four banks sitting on software mountain

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Big four banks sitting on software mountain

KPMG finds big jump in software assets.

Australia's big four banks are carrying fatter capitalised software balances compared to last year as they overhaul core systems, audit firm KPMG has found. Capitalised software on a balance sheet reflects costs already incurred but to be expensed at a later date, generally after the technology ...

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amortisation anz asset bank banking capitalisation commonwealth core nab overhaul software westpac

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