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An Executive Guide to IFRS: Content, Costs and Benefits to Business
book

An Executive Guide to IFRS: Content, Costs and Benefits to Business

by Peter Walton
June 2011
Intermediate to advanced
240 pages
5h 35m
English
Wiley
Content preview from An Executive Guide to IFRS: Content, Costs and Benefits to Business

Conclusion

This chapter has reviewed revenue recognition and some other standards that relate to the income statement (while also potentially relating to the balance sheet). Some of the standards mentioned in this chapter were written quite a number of years ago and the contrast with more recent ones is quite strong. The IASB is well on the way to developing a new revenue recognition standard that should be used also in the US. It is also working on its own industry-specific standards in the area of insurance and mineral extraction, although these are probably some years away from application.

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Publisher Resources

ISBN: 9781119973850Purchase book