Question
1.what accounting standards existed inAustralia in relation to accounting for revenuebefore AASB15 was issued and the requirements under those standards You then need to explain
1.what accounting standards existed inAustralia in relation to accounting for revenuebefore AASB15 was issued and the requirements under those standards
You then need to explain why IASB and FASB thought it needed to be changed ie. why was IFRS 15 brought about. What perceived deficiencies did IFRS 15 seek to address?
2. This part requires you to discuss the changes to revenue accounting that AASB 15 introduces and how it improves what was in existence previously.
3.provideimplications of AASB 15 on Australian companies. As well as your opinion/facts about how the implementation of AASB15 will affect Australian companies and what changes will be involved in doing so, you can give specific examples eg. specific industries.
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Cost Management
Authors: Don R Hansen, Maryanne M Mowen, Dan L Heitger
5th Edition
357141091, 978-0357141090
