IFRS-15 Summarized Flowchart

That’s it! A simple Summary of IFRS 15: Revenue from Contracts with Customers using a flowchart concept. I hope this makes understanding asset impairment a little bit easier for you

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Note: This is only the summary of IFRS-15: Revenue from Contracts with Customers. Referring to the complete original IFRS is recommended for better decision-making, as everything out there is in full detail. If you want to read the original IFRS-15: Revenue from Contracts with Customers, you may read it here.

Muzammil Hussain Korai

Muzammil Korai is a Chartered Accountant (CA) Finalist. He has years of experience in Accounting, Audit and Finance. Currently, he is working as a Senior Accounting and Finance Professional in a well known organization in Saudi Arabia.