AASB 15 applies to both for-profit and not-for-profit entities. For-profit entities must apply AASB 15 for financial years beginning on, or after, 1 January 2018.

Are you ready?

Accounting standard AASB 9 Financial Instruments has started. It started 1 January 2018 if you have a December year end and started 1 July 2018 if you have a June year end.

AASB 15 applies to both for-profit and not-for-profit entities. For-profit entities must apply AASB 15 for financial years beginning on, or after, 1 January 2018.

This checklist covers some key questions you should consider.

Regarding your entity and the transition to AASB 9 Financial instruments: 

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