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Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
Type: Regulatory update
Date: 28/06/2010

IFRS In the Headlines

In the Headlines (formerly IFRS Briefing Sheets) provide a timely update on International Financial Reporting Standards (IFRS) developments.

IFRS Briefing Sheet 192: ED/2010/6 Revenue from Contracts with Customers

This IFRS Briefing Sheet summarises the IASB and FASB Exposure Draft ED/2010/6 Revenue from Contracts with Customers.

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IFRS Briefing Sheet 192: ED/2010/6 Revenue Contracts with Customers [PDF 710KB]

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The ED proposes a single revenue recognition model in which an entity recognises revenue as it satisfies a performance obligation by transferring a promised good or service to a customer.

It proposes that a single revenue recognition model be applied consistently to various transactions in different industries.

IFRS Briefing Sheets - International financial reporting updates

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