Impacts of the new revenue standard (IFRS 15) on the manufacturing industry

IFRS 15 Revenue from Contracts with Customers supersedes IAS 18 Revenue for years ending 30 June 2019 and will likely have a significant impact on the way manufacturing entities need to account for and recognise revenue.

BDO has produced a series of articles that explore these issues in-depth, and acts as a guide for manufacturers to apply the new standards.

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