For December balancers, 31 December 2017 is the comparative period for AASB 15 Revenue from Customer Contracts. Accounting for sale of goods is not as simple as it was under of AASB 118 Revenue. The session will address:
- Transitional decisions
- Performance obligations, variable consideration, refund liabilities (with examples)
- System information requirements for measurement and disclosure, and
- What should be included in your detailed accounting policy.