IFRS 15: Revenue from Contracts with Customers

Issued in May 2014 and applicable from period starting on or after 1 January 2018. In order to reduce the probability of earning manipulation and enhance the reliability of financial statement, it was utmost essential to shift the recognition of revenue from mere estimations and judgemental criterias to more robust and universal guidelines which canContinue reading “IFRS 15: Revenue from Contracts with Customers”

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