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Can you explain the purpose of IFRS 15?

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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2017/09/04
Soliman Abd  ALmalak Gendy
by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

A main purpose: -Although revenue is a critical metric of financial statements users, there were important differences between The IASB and FASB definitions of revenue even with each biard's huidance of similar transactions

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