The new year means the introduction of new ways in which Financial Instruments are classified and measured and the way Revenue is recognised. KPMG Enterprise Partner Amanda Bond and Director Ben Seumahu explain what these changes mean to the mid-market.
“Communicate to all your stakeholders, including your Board, your staff and your IT department.”
“Understand how the changes impact your budgeting and profitability.”
“Remember there are different methods for adopting the Standards, so seek professional advice”
Amanda Bond & Ben Seuhmahu