IFRS 15 means that all revenue has to be recognised at the point the contract obligation is met. Simply put, you must now track and recognise direct and incremental costs of each and every contract – including the commission you pay your sales representatives. This will make it more difficult to manage the sales commissions manually on an excel spreadsheet as it will not only put unnecessary pressure on the finance teams but also lead to several errors.
So, whether your IFRS compliance process is underway or you’re just starting out, this webinar can help you.
What will you get from this webinar?
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