If you manufacture similar items in large amounts that are basically typified and not too specific, then you can still be affected by IFRS 15 — just look to example below.
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Ifrs vs gaap essays.whether the application of IFRS by U.S. registrants should be required or allowed. While the SEC has not made any final decisions with respect to use of IFRS by U.S. registrants, its activities are ongoing.
For more information, refer to our IFRS Resource Center.
The . Our research adds to the growing literature investigating the impact of IFRS adoption in a variety of countries and contexts by investigating the research question: Is mandatory IFRS adoption by firms listed on the Australian Securities Exchange associated with a change in the value relevance of accounting information?
2 Responses to ACS and IFRS 15 Revenue Recognition Rules Are Coming.
International Financial Reporting Standards (IFRS) by Bragg ( 27) is a standard and together with their interpretation promulgated by the International Accounting Standards Board (IASB). IFRS Update of standards and interpretations in issue at 30 June 2 Companies reporting under International Financial Reporting Standards (IFRS) continue to face a steady flow of new standards.
“The Present IFRS: Contemporary Issues Surrounding IFRS” which is a collaboration between Global COE Waseda Institute for Corporation Law and Society and Waseda Accounting Research Center.