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China Accounting Alert

The International Accounting Standards Board (the “IASB”) has issued an exposure draft that proposes a one-year deferral of the effective date of its new revenue recognition standard, IFRS 15 Revenue from Contracts with Customers. The ED proposes that IFRS 15 would be effective for annual reporting periods beginning on or after 1 January 2018, with early adoption permitted. Click the below links to read China Accounting Alert.

 

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