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Explains basic concept and process of revenue recognition

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Reference no: EM132158544

Question -

1. Explains the basic concept and process of revenue recognition under the new IFRS standard

2. Provides an example transaction of how to account for subscription-based revenue.

3. Provides a summary of the primary differences between IFRS 15 and ASC 606, and an explanation how that will affect the US GAAP reporting package.

Reference no: EM132158544

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