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Revenue recognition 

One model. Two approaches. Five steps.

The IASB and FASB plan to introduce a new revenue recognition model. The model features a contract-based, five-step analysis to be applied across sectors. The proposals may accelerate or defer revenue recognition for some entities and the impacts may be felt right across the business.         
          

IFRS Publications      

 

Contacts

Aura Giurcaneanu

Aura Giurcaneanu

Partner, Head of Audit and Assurance

+40 (744) 655 847

Angela Manolache

Angela Manolache

Advisory, Director

+40 (372) 377 800

Related links

For quick access to a range of accounting, auditing and financial reporting guidance and literature, please visit KPMG's Accounting Research Online.