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Entries from December 2018

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21 December 2018
Leszek WOZIŃSKI

In our previous posts we have presented four steps of the model framework for revenue recognition. The last step of the five-step model framework described in IFRS 15 is to recognise revenue once conditions related to different contract elements are met.

19 December 2018
Agnieszka NOSOWSKA

In the last post on the new standard of IFRS 15 we discussed determining the transaction price (the third step in the five-step model framework). Today we are going to take a look at the next stage, namely price allocation.

17 December 2018
Lidia KRYSTMAN

An entrepreneur is bound to face many situations that will require contacting Polish authorities, not only in the process of establishing a company and registering it, but also when fulfilling reporting obligations. Today I would like to discuss these basic reporting obligations of business entities with foreign equity participation

13 December 2018
Agnieszka NOSOWSKA

Recently, when discussing the five-step model framework and determining the transaction price according to IFRS 15 we mentioned the methods of estimating the transaction price; we have decided to elaborate on these methods in today’s post.

11 December 2018
Agnieszka NOSOWSKA

After a couple of weeks we are coming back in our blog to the analysis of the new standard, i.e. IFRS 15. Just like IFRS 9, it is critical for entities preparing their reports in line with IFRS, because they both must be introduced for the first time in financial reporting as at 31 December 2018. Therefore, it is a good idea to take a closer look at the topic of revenue recognition and discuss it further

3 December 2018
Piotr STASZKIEWICZ

Last year we wrote a lot in our blog about the new IFRS 16 standard that significantly changes the concept behind considering contracts in terms of the necessity to disclose transactions in the lessee’s balance sheet.  We are going to continue on this topic, answering another batch of the most frequently asked questions concerning this standard.