High-level recap of changes resulting from the application of IFRS 9 and IFRS 15
04 Jan 2017
The IASB has 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 website.