AASB 15 Revenue from contracts with customers (issued in January 2015) is the new accounting standard for revenue recognition, replacing AASB 111 Construction contracts, AASB 118 Revenue and AASB 1004 Contributions.

It is equivalent to IFRS 15 of the same name issued by the International Accounting Standards Board.

Question: Discuss the industries which are likely to be most affected and least affected by the change to the new revenue standard.