IFRS IS EASY

Hello, welcome to  IFRS IS EASY ! Why Contract Assets are not Financial Assets In a previous post, I explained the difference between Trade receivables and Contract assets . Essentially, you will notice that both Trade receivables and Contract assets …

Hello, welcome to  IFRS IS EASY ! Understanding the difference between Contract Assets and Trade receivables Do you know that not all receivables from customers are recorded as trade receivables as a result of IFRS 15?  On the statement of financia…

Hello, welcome to  IFRS IS EASY ! Note: All the materials in this blog post have been made available to the public for free download by the respective sources. They are compiled here for ease of access to you. IFRS 15  Revenue from Contracts with Cu…