The accounting change you cannot afford to ignore

New standard is set to change the way companies recognise revenue from a contract
Thursday 14 Sep 2017 Author: Tom Sieber
A new accounting standard from January 2018 called IFRS 15 will affect the way companies recognise revenue from a long-term contract. We believe it could impact equity valuations as earnings forecasts may have to change for some companies. Outsourcers and other contractors are among the types of companies which could be affected. Their contracts are often based on the provision of a service over several years. The way revenue...

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