IFRS Newsletter - Special issue
24.06.2015Company: 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. Businesses in the construction, civil engineering and real estate development industries are about to face the implementation of a major standard incorporating the new principles of revenue recognition: IFRS 15.
It requires a contract to be broken down into distinct performance obligations, each with their own margin and pattern of revenue recognition. Could IFRS 15 therefore call into question the recognition of revenue according to the stage of completion, or lead to a change in the pattern at which revenue and/or the margin is recognised?
More information about Mazars Czech Republic´s IFRS Desk is available at Mazars IFRS Desk. Special edition of the newsletter and older editions can be downloaded here: IFRS newsletters.
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.
