know the rules

The new IFRS 15

  • Replaces IAS 18 Revenue, IAS 11 Construction Contracts and some revenue-related Interpretations,
  • Establishes a new control-based revenue recognition model,
  • Changes the basis for deciding whether revenue is to be recognized over time or at a point in time,
  • Provides new and more detailed guidance on specific topics,
  • Expands and improves disclosures about revenue.

The Standard will impact all entities in all industries, but the extent of the impact can vary significantly.

Monday 17 August 2015
IFRS, IFRS 15

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