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  • Service: Audit, IFRS
  • Date: 11/5/2013

Revenue – What to expect in the new standard 

A number of problematic issues were resolved in October’s joint meeting between the IASB and the FASB. They reached significant decisions on the revenue constraint, licences of intellectual property and collectibility.

These decisions mark the end of substantive redeliberations of the proposals published in the 2011 exposure draft Revenue from Contracts with Customers. The Boards have now directed staff to finish drafting the new standard and progress the remaining due process steps.

 

Read our IFRS Newsletter: Revenue to find out what to find out what these developments could mean for your business.  

IFRS Newsletter: Revenue - issue 11, October 2013

Feature image
This edition of IFRS Newsletter: Revenue examines the recent thinking on the revenue project, and what the proposals could mean for you.

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