IFRS15 – ASC606 The New Accounting Standard on Revenue Recognition – Revenue From Contracts with Customers

IFRS15 – ASC606 There is less than One Year left to implement the new FASB – IASB accounting standards around Revenue from Contracts with Customers – Revenue Recognition and these new guidelines take effect January 1, 2018 for a majority of public companies Worldwide.

IFRS15 – ASC606 Recommendation is to run parallel for at least one quarter to avoid any surprises, the timeframe for completing your implementation is less than a year.