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With new accounting standards hanging over companies that offer subscriptions as at least part of their business models, the first step is to admit there is a problem. The Financial Accounting Standards Board and the International Accounting Standards Board have released new standards – ASC 606 and IFRS15 respectively – in 2014 for the recognition …

New from India accounting standard, Ind AS 115, has been in force since April 1, 2018, which marks the start of the country’s new financial year. As explained by the Ministry of Corporate Affairs, the Ind AS 115 sets out the principles to be applied by an entity in order to communicate useful information to …