This paper circulates around the core theme of International Accounting Standards Board (IASB) together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 119. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
a) outline how companies are required to account for revenue under the new AASB 15;
b) explain why the IASB has issued AASB 15 in place of the existing revenue standards (118, and 111); and
c) advise the CFO of your chosen company of the possible impacts that the new recognition criteria will have on their current operations and financial statements.