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What is IFRS 15 Revenue Recognition Explained about?
The document describes the International Financial Reporting Standard (IFRS) 15 on revenue from contracts with customers. IFRS 15 establishes the accounting treatment for ordinary revenue arising from certain types of transactions. It recognizes revenue to represent the transfer of goods or services promised to customers for an amount that reflects the consideration the entity expects to be entitled to.
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- ScribdTranslations
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- EN