June 2014 marked a landmark achievement when the International Accounting Standards Board (IASB) issued IFRS 15 ‘Revenue from Contracts with Customers’.
It will provide a major boost for investors looking to compare company performance across borders.
Nearly all businesses generate revenue and the likelihood is that many are entering into contractual arrangements today that will be accounted for differently under the new Standard.
A number of challenges will follow the new Standard. Our special edition newsletter on IFRS 15 explains all you need to know about the changes and how your business can prepare for them.
As well as telling you about the Standard in general terms, we also provide industry specific guidance for a number of different sectors.
For any further information please contact your local member firm.