Revenue from contracts
Found 5 free book(s)
Guidance for AASB 15 Revenue from contracts with customers
www.treasury.nsw.gov.auRevenue recognition may be accelerated or deferred, compared to existing pronouncements. In particular for revenue contracts with multiple components, variable consideration, and licences. Interest and dividend income are excluded from the scope of AASB 15 and moved to AASB 9 Financial Instruments.
Revenue from Contracts with Customers
www.aasb.gov.auRevenue from Contracts with Customers Objective 1 The objective of this Standard is to establish the principles that an entity shall apply to report useful information to users of financial statements about the nature, amount, timing and uncertainty of revenue and cash flows arising from a contract with a customer. Meeting the objective
Revenue from Contracts with Customers IFRS 15
www.ifrs.orgIFRS 15 Revenue from Contracts with Customers In April 2001 the International Accounting Standards Board (Board) adopted IAS 11 Construction Contracts and IAS 18 Revenue, both of which had originally been issued by the International Accounting Standards Committee (IASC) in December 1993.
Revenue from Contracts with Customers (Topic 606)
asc.fasb.orgcontracts and contract modifications at transition, the Board decided to add a project to its technical agenda to improv e Topic 606, Revenue from Contracts with Customers, by reducing: 1. The potential for diversity in practice at initial application 2. The cost and complexity of applying Topic 606 both at transition and on an ongoing basis.
Revenue from Contracts with Customers (Topic 606)
asc.fasb.orgRevenue from Contracts with Customers (Topic 606) No. 2016-10 April 2016 Identifying Performance Obligations and Licensing An Amendment of the FASB Accounting Standards Codification®