Posted: January 4th, 2017

A concise overview of accounting for revenue under Australian IFRS before the adoption of AASB 15 and the rationale behind the IASB’s and FASB’s decision to change revenue accounting;

A concise overview of accounting for revenue under Australian IFRS before the adoption of AASB 15 and the rationale behind the IASB’s and FASB’s decision to change revenue accounting;  a summary of the significant changes in AASB 15 and how they address perceived deficiencies in the current standard(s);  a position statement on the future implications of adopting AASB 15 for Australian companies. Requires atleast 12 References.Assessment Details  After completing your accounting degree, you were able to secure a CA track position at the Melbourne office of one of the top 4 accounting firms. At your new firm, you are part of the financial reporting compliance team that monitors the latest development on the financial reporting landscape. As your first task, you have been asked by your team leader to prepare a report on the new AASB 15 Revenue from Contracts with Customers standard.  While the managing partners of the firm have been able to communicate with clients about this issue, you are asked to prepare a background report for presentation to other accounting staff to outline:   a concise overview of accounting for revenue under Australian IFRS before the adoption of AASB 15 and the rationale behind the IASB’s and FASB’s decision to change revenue accounting;  a summary of the significant changes in AASB 15 and how they address perceived deficiencies in the current standard(s

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00
Live Chat+1-631-333-0101EmailWhatsApp