IFRS 15 / ASC 606
Revenue from Contract with Client
A decades-long rift is over. IFRS 15 and ASC 606, both entitled 'Revenue from Contracts with Customers', gave the world a unified set of guidelines for contract revenue recognition across all industries.
The regulations started as a joint project back in 2002 between the IASB and FASB to close the gaps between their differing policies and terminology related to accounting for revenue from customers with contracts.
How We Can Help
IFRS 15 is a puzzle that can't be solved by accounting teams and spreadsheets alone. We're here to help.
Adapting a business and its operations to IFRS 15 is what we do.
All companies, both public and private, are required to prepare their revenue contracts in compliance with IFRS 15 and ASC 606.
5 Steps Framework
Danaris Solution
