You are here

Booking of contract revenue set to change

From 2017, firms must follow a 5-step model requiring more judgment, estimates

bookkeepingchangesrevenues300514.jpg
In what may be the biggest change in recent years in the manner companies prepare their accounts, the world's global financial standards setting body has announced a substantial alteration in the way revenue is to be recognised - PHOTO: SPH

[SINGAPORE] In what may be the biggest change in recent years in the manner companies prepare their accounts, the world's global financial standards setting body has announced a substantial alteration in the way revenue is to be recognised.

The International Accounting Standards Board (

sentifi.com

Market voices on:

Powered by GET.comGetCom