Although the accounting conclusion may not change with respect to non-refundable upfront fees for retailers, the assessment process for such fees differs under IFRS 15. Find out more about how this new global revenue standard affects the retail industry.
While current guidance in IAS 18 is not as detailed, most software entities are unlikely to see significant impacts in this area unless they had previously adopted an accounting policy requiring a signed contract to be in place before recognising revenue.
While IAS 11 applies to ‘construction contracts’, IFRS 15 applies more broadly. Find out more about how this new global revenue standard affects the construction industry.
Our latest Tax publication, Getting to grips with the BEPS Action Plan, aims to help clients of all sizes to understand the impact of the Action Plan and begin to prepare their businesses. It will looks into what the OECD’s planned overhaul of the international tax system means for businesses, how the potential shake-up ahead could affect them and what they should prepare for.
Growing communities: How charity leaders govern social media globally to thrive online captures the views and experiences of charity chief executives and their peers. Grant Thornton Not for Profit and social media specialists asked senior executives a range of questions covering five key areas: strategy, governance, education, risk and measurement.
A concise summary of Grant Thornton, one of the world's leading organisations of independent assurance, tax and advisory firms.