Your guide to IFRS15 Compliance 

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Prepare for the challenges ahead

On January 1st 2018 the new revenue recognition legislation came into force.

SalesForce’s Regional VP for EMEA has described IFRS15 as the “biggest change in accounting for 15+ years.”

The new IFRS legislation will mean that all revenue, for all companies, will have to be recognised at the point the contract obligation is met. It also requires all costs associated with a sales to be accounted – including sales commission.

This guide offers practical advice on the following areas to help you comply with the IFRS15 legislation.

  • Preparing for the changes 
  • Estimating commission amortisation 
  • Supporting audit requirements 


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