KPMG in India is pleased to present Voices on Reporting – a monthly series of knowledge sharing calls to discuss current and emerging issues
KPMG in India is pleased to present Voices on Reporting – a monthly series
Revenue is a crucial financial performance indicator for companies and the new standard is expected to have pervasive impact due to the addition of significant new concepts on recognition, measurement and disclosure of revenue.
IFRS 15, Revenue from Contracts with Customers is applicable from accounting periods beginning on or after 1 January 2018. Ind AS 115 being the equivalent standard is expected to be applicable to Indian companies following the Ind AS road map framework from 1 April 2018.