The presentation was an insight on how an IFRS reporter recognizes revenue and how to request individuals to provide a more detailed financial statements for important disclosures, using the principles based on the five-step model to be applied to all contracts with customers.
This new standard will take effect beginning on or after 1 January 2018. It will apply to most companies reporting under IFRS and US Generally Accepted Accounting Principles.
Denis Usher, Managing Partner, Head of US Desk, and Adrien Lanceau, Audit Manager, also represented Mazars at the event. Other attendees include directors, lawyers, auditors, consultants, CEOs, CFO, controllers and finance personnel.
Narissa Chen presenting the IFRS Revenue from Contracts with Customers