IFRS – Revenue
IFRS – Revenue
KPMG’s insights into the joint standard on revenue recognition from the IASB and FASB.
KPMG’s insights into the joint standard on revenue recognition from the IASB and FASB.
A new global standard for revenue recognition
It's likely that the new revenue standard, which is now effective, will affect the way you account for revenue. It replaces existing IFRS and US GAAP guidance and introduces a new recognition model for contracts with customers. For some, the new standard will have a significant impact on how and when they recognise revenue. All companies will be subject to extensive new disclosure requirements.
Our materials help you understand the new requirements, assess the impact on your company, and keep up to date with the latest thinking on the new standard.
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