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China Accounting Alert

The IASB and the US FASB issued their joint revenue recognition standard, IFRS 15 Revenue from Contracts with Customers, which replaces all existing IFRS and US GAAP revenue recognition requirements. The standard applies to all revenue contracts and provides a model for the recognition and measurement of sales of some non-financial assets. This edition of China Accounting Alert provides an overview of the new standard.  

Click the below links to read China Accounting Alert.

 

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