Key considerations that food, drink and consumer goods companies need to focus on when implementing IFRS 15.
IFRS 15, the new revenue standard effective from 1 January 2018, is likely to affect the way food, drink and consumer goods companies account for revenue. It is more than just an accounting change: it could impact:
The implications of IFRS 15 may be pervasive: impacting everything from EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) to systems and processes, so the implementation of the new standard needs to be one of the key priorities for the coming months – not only to avoid crisis, but also to safeguard an organization`s commercial advantage.
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We have pulled a list of key considerations that food, drink and consumer goods companies need to focus on when implementing IFRS 15. Check them out and get in touch with us for further details.