Now that International Accounting Standards Board and Financial Accounting Standards Board have published a new joint standard on revenue recognition, the real work for the food, drink and consumers goods (FDCG) companies is just beginning.
The new standard will result in significant impact across the FDCG sector, requiring companies to assess how their financial reporting, information systems and processes will be affected, and engage with their stakeholders to build up expectations of how their key performance indicators or business practices may change.
Read the full article in Greek
© 2018 KPMG Advisors AE, a Greek Societe Anonyme and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.