Recognising revenue in the real estate and construction industries
The IASB and FASB have issued their new Standard on revenue
recognition – IFRS 15 ‘Revenue from Contracts with Customers’
(ASU 2014-09 in the US). For companies with real estate
development, property management or construction activities,
IFRS 15 replaces several familiar standards and provides
significant new guidance in a number of key areas.
Filled with practical insights and examples, this publication offers companies operating in the real estate and construction industries helpful guidance in identifying and responding to the most significant impacts of the new Standard.