Mazars IFRS Newsletter – Special issue - IFRS 15
3.02.2015Company: Forvis Mazars s.r.o.
We would like to introduce you the special issue of our Mazars IFRS Newletter, where we focused on IFRS 15. In May 2014, the IASB published IFRS 15, Revenue from Contracts with Customers. Simultaneously, the FASB published ASU 2014-09 (Topic 606). These two broadly identical texts represent the culmination of the Boards’ work on a major joint project that has taken many years to complete.
Given the volume of innovations and clarifications introduced by IFRS 15, it is important to identify its impact as early as possible, both to prepare for the transition and to anticipate the accounting consequences on future contracts or contracts currently under negotiation.
More information about Mazars Czech Republic´s IFRS Desk is available at Mazars IFRS Desk. Special edition of the newsletter you can download here: IFRS 15: an overview of the new principles of revenue recognition, the previous issues of Mazars IFRS newsletter are available at The “Beyond the GAAP“ newsletter.
Please feel free to contact our IFRS Desk team to discuss any issues or points regarding IFRS that might arise in the context of your business.
