We are “Hamilton Team” in Indonesia, who developed a sophisticated engine to help organizations in the world to adopt IFRS with ease. Our solution is unique, we call it “Hamilton engine”, it is an integrated solution providing a complete solution for IFRS 9, IFRS 15, IFRS 16 and IFRS 17, their use cases and its mandatory quantitative disclosures. We dedicate our resources to help companies around the globe to implement the new accounting standards, IFRS. Everything we do is about you, from business analysts, developers, project managers, solution architects and partners who know exactly how to implement IFRS for you, we prioritize what you need to get the best options and the optimized solutions.
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A decades-long rift is over. IFRS 15 and ASC 606, both entitled 'Revenue from Contracts with Customers', gave the world a unified set of guidelines for contract revenue recognition across all industries.
The regulations started as a joint project back in 2002 between the IASB and FASB to close the gaps between their differing policies and terminology related to accounting for revenue from customers with contracts.
One framework for financial reporting, eliminating inconsistencies in principles between different accounting boards.
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New guidance for transactions that were lacking comprehensive guidance - such as service revenue and contract modifications.
Improved and clarified guidance for multiple-element agreements.
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Simpler, clearer path to compliance for all businesses.
IFRS 15 is a puzzle that can't be solved by accounting teams and spreadsheets alone. We're here to help. Adapting a business and its operations to IFRS 15 is what we do.
All companies, both public and private, are required to prepare their revenue contracts in compliance with IFRS 15 and ASC 606.
