Agricultural and Biological Sciences
2 years ago

New IFRS 15 Standard Transforms Revenue Recognition for Businesses Worldwide

Auditor
International Financial Reporting Standards (Ifrs ) 15 «Revenue from Contracts with Buyers»: What is Expected for Book-Keepers

Paper Summary

The article discusses how to recognize revenue and represent contractual relationships in financial statements according to IFRS 15. It focuses on determining when revenue should be recognized and how to show it in financial reports.

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