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New on the Horizon: Clarifications to IFRS 15

Sep 28, 2015
From the Financial Reporting View and the IFRS Institute

KPMG’s ISG recently published New on the Horizon: Clarifications to IFRS 15, which analyzes the IASB’s recent proposals to amend IFRS 15, Revenue from Contracts with Customers, and explains key differences between the IASB and FASB proposals. The IASB’s proposals would clarify four key areas of its new revenue standard (1) licensing, (2) principal versus agent, (3) identifying performance obligations, and (4) transition. The comment period ends October 28.

Read New on the Horizon: Clarifications to IFRS 15