All the paragraphs have equal authority. This study aims to examine the implementation of aasb 15 revenue from contracts with customers to provide insight into preparers perspectives on the challenges costs and benefits experienced in implementing a new and complex standard the study uses a survey of 143 financial statement preparers engaged in implementing aasb 15 the results reveal significant variation in the approach to. The standard provides a new framework governing the recognition measurement and disclosure of revenue following a five step approach.
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