IASB has published for public consultation some proposed clarifications to and transition reliefs for IFRS 15 Revenue from Contracts with Customers.
The proposed targeted amendments follow discussions at meetings of the Transition Resource Group (TRG), which was set up jointly by the IASB and the US Financial Accounting Standards Board (FASB) to support companies in implementing the new revenue Standard after it was issued in May 2014.
The Exposure Draft proposes to clarify:
In addition, the IASB proposes two reliefs to aid the transition to the new revenue Standard.
The IASB is seeking comments on this Exposure Draft by 28 October 2015.
Vi sender deg også gjerne
et uforpliktende tilbud.