United States

IFRS Revenue Accounting by Food, Drink, and Consumer Goods Companies

Apr 06, 2015
From the Financial Reporting View and the IFRS Institute

KPMG’s ISG recently published Accounting for Revenue Is Changing: The Impact on Food, Drink, and Consumer Goods Companies, which describes the potential effects of IFRS 15, Revenue from Contracts with Customers, on FDCG companies and actions to consider to address those issues. The issues discussed include payments to distributors and retailers, trade incentives, warranties, returns, and licenses.