In September 2014, we published Issues In‑Depth: Revenue from Contracts with Customers. That publication illustrates the main points of the new standard and includes examples, explains our emerging thinking on key interpretative issues and compares current IFRS and U.S. GAAP requirements. This publication is designed to provide supplemental technical guidance on key issues when applying the new revenue model to sales of real estate, focusing on the implications to U.S. GAAP reporting entities. This publication addresses some of the common questions about the new standard’s effects on sales of real estate and we hope it will provide a starting point to advance the dialogue on these and other issues.
Mar 09, 2015
From the KPMG Institutes