• IFRS 15 for the manufacturing industry

IFRS 15 for the manufacturing industry

The International Accounting Standards Board (IASB) has released a new standard on revenue – IFRS 15 ‘Revenue from Contracts with Customers’ which supersedes IAS 18 and will likely have a significant impact on the way manufacturing entities need to account for and recognise revenue. This document includes a series of articles that explore these issues in-depth, and acts as a guide for manufacturers to apply the new standards.