IFRS newsletter-English-March-April 2012
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IFRS newsletter-English-March-April 2012
The two standard setting body (IASB and FASB) published a new exposure draft on revenue recognition at the end of 2011 entitled Exposure Draft: A revision of ED/2010/6 Revenue from Contracts with Customers.
The aim of the draft is unchanged; the future standard on revenue recognition is still expected to replace IAS 18 Revenue, IAS 11 Construction contracts and their subsequent interpretations. In the current March-April edition of Beyond the GAAP we present the second part of our summary about the main expected changes as well as the actual IFRS news and developments.
