United States

Accounting for Revenue Is Changing: What’s the Impact for Investment Managers?

Nov 07, 2016
From the Financial Reporting View and the IFRS Institute

KPMG’s ISG recently issued Accounting for Revenue Is Changing: What’s the Impact for Investment Managers?, which highlights key effects of IFRS 15, Revenue from Contracts with Customers, on investment managers, and identifies the next steps that investment managers that apply IFRS should take to successfully implement the new standard. The publication also reflects the final amendments to IFRS 15.

IFRS 15 is effective for entities that apply IFRS for annual periods beginning on or after January 1, 2018. Earlier application is permitted.