High-level recap of changes resulting from the application of IFRS 9 and IFRS 15
Jan 03, 2017
On January 3, 2017, the International Accounting Standards Board (IASB) published "IFRS 9 and IFRS 15 — one year to go" on its website.
Basically, the recap offers a very general overview of the changes IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers will bring about and then links to the IASB's IFRS 9 implementation page and IFRS 15 implementation page. The recap also reminds preparers that investors need to be informed about the expected impact of a new standard even before companies apply that standard.
Please click to access the recap on the IASB's website.