Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Does IFRS 15 replace the IAS 18 completely?

IAS IFRS
user-image
Question added by Ayaz Khan , Senior Executive Finance , DHL Pakistan (Pvt.) Ltd.
Date Posted: 2016/03/25
Upvote (0) Views (5) Followers (2) Answers (2) Report Question
Write an Answer
Register now or log in to answer.
Fathi Matbaq
by Fathi Matbaq , Senior Purchasing Officer , Alghanim Industries

Yes, IFRS 15 Revenue from contracts with Customers will replaces IAS 18 Revenue and IAS 11 Construction Contracts and all interpretations related to these two standards by the 1st of January 2018.

Sakhi Muhammad Imran
by Sakhi Muhammad Imran , Finance Manager , United Catering Co. WLL

yes IFRS 15 revenue recongnition replace completely IAS 18 but it is effective jan 01, 2017

Write Your Answer
More Questions Like This