IFRS 15 explained in 2 mins with Telecom Example
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IFRS 15 explained in 2 mins with Telecom Example
#IFRSinPracticeOne of the key drivers behind the introduction of IFRS 15 was the recognition of bundled sales — especially in sectors like telecom.When companies sell multiple goods/services (e.g., device monthly service), revenue must be allocated fairly between each performance obligation. IFRS 15 requires this allocation to be based on ...
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