ACCOUNTING

IFRS 15: the control model for revenue may reshape the income statement for many

The IASB and FASB have issued a converged standard on revenue. The new standard moves to a focus on control of goods or services to determine whether revenue recognition is at a point in time (possibly lumpy) or over time (probably smoother). In this PwC webcast, Tony de Bell gives an overview and outlines the key requirements.

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