{"id":1617,"date":"2022-06-06T17:49:50","date_gmt":"2022-06-06T17:49:50","guid":{"rendered":"https:\/\/hamiltonpi.co.id\/wp\/?page_id=1617"},"modified":"2024-11-28T11:40:27","modified_gmt":"2024-11-28T04:40:27","slug":"revenue-contract","status":"publish","type":"page","link":"https:\/\/hamiltonpi.co.id\/wp\/revenue-contract\/","title":{"rendered":"IFRS 15 &#8211; Revenue From Contract with Customer"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1617\" class=\"elementor elementor-1617\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-11d3e06 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"11d3e06\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-994140f\" data-id=\"994140f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0234874 elementor-widget elementor-widget-spacer\" data-id=\"0234874\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.5 - 27-04-2022 *\/\n.e-container.e-container--row .elementor-spacer-inner{width:var(--spacer-size)}.e-container.e-container--column .elementor-spacer-inner,.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e251bed elementor-widget elementor-widget-heading bdevs-el heading\" data-id=\"e251bed\" data-element_type=\"widget\" data-settings=\"{&quot;design_style&quot;:&quot;style_1&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.5 - 27-04-2022 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style>        \n                    <div class=\"section__title section__title-3 wow fadeInUp2 bdevs-el-content\" data-wow-delay=\".2s\">\n                                <h2 class=\"section-title bdevs-el-title  bdevs-el-btn\">REVENUE COMPLIANCE (IFRS 15 AND ASC 606)<\/h2>                                    <p ><br>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.<br><br> 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.<\/p>\n                            <\/div>\n            \n        \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-13d2570 elementor-widget elementor-widget-spacer\" data-id=\"13d2570\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-152ef63 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"152ef63\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ca16559\" data-id=\"ca16559\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f2513a5 elementor-widget elementor-widget-heading bdevs-el heading\" data-id=\"f2513a5\" data-element_type=\"widget\" data-settings=\"{&quot;design_style&quot;:&quot;style_1&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t        \n                    <div class=\"section__title section__title-3 wow fadeInUp2 bdevs-el-content\" data-wow-delay=\".2s\">\n                                <h2 class=\"section-title bdevs-el-title  bdevs-el-btn\">HOW DOES HAMILTON HELP?<\/h2>                            <\/div>\n            \n        \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-be86e26 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"be86e26\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1b9fe0f\" data-id=\"1b9fe0f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-8a15e85 elementor-section-full_width elementor-section-height-min-height elementor-section-height-default\" data-id=\"8a15e85\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-34c492a\" data-id=\"34c492a\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-df738af elementor-widget elementor-widget-heading bdevs-el heading\" data-id=\"df738af\" data-element_type=\"widget\" data-settings=\"{&quot;design_style&quot;:&quot;style_1&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t        \n                    <div class=\"section__title section__title-3 wow fadeInUp2 bdevs-el-content\" data-wow-delay=\".2s\">\n                                <h2 class=\"section-title bdevs-el-title  bdevs-el-btn\">..<\/h2>                                    <p >One framework for financial reporting, eliminating inconsistencies in principles between different accounting boards.<br><br>________________________________________________________________________________<br><br>New guidance for transactions that were lacking comprehensive guidance - such as service revenue and contract modifications.<\/p>\n                            <\/div>\n            \n        \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-ca12db9\" data-id=\"ca12db9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-096855d elementor-widget elementor-widget-heading bdevs-el heading\" data-id=\"096855d\" data-element_type=\"widget\" data-settings=\"{&quot;design_style&quot;:&quot;style_1&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t        \n                    <div class=\"section__title section__title-3 wow fadeInUp2 bdevs-el-content\" data-wow-delay=\".2s\">\n                                <h2 class=\"section-title bdevs-el-title  bdevs-el-btn\">..<\/h2>                                    <p >Improved and clarified guidance for multiple-element agreements.<br><br>___________________________________________________________________<br><br>Simpler, clearer path to compliance for all businesses.<\/p>\n                            <\/div>\n            \n        \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f4ac307 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f4ac307\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-11cb42e\" data-id=\"11cb42e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4189353 elementor-widget elementor-widget-spacer\" data-id=\"4189353\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f5044f elementor-widget elementor-widget-heading bdevs-el heading\" data-id=\"9f5044f\" data-element_type=\"widget\" data-settings=\"{&quot;design_style&quot;:&quot;style_1&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t        \n                    <div class=\"section__title section__title-3 wow fadeInUp2 bdevs-el-content\" data-wow-delay=\".2s\">\n                                <h2 class=\"section-title bdevs-el-title  bdevs-el-btn\">THE SOLUTION<\/h2>                                    <p >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.<br>All companies, both public and private, are required to prepare their revenue contracts in compliance with IFRS 15 and ASC 606.<\/p>\n                            <\/div>\n            \n        \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-987a966 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"987a966\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-417dd9a\" data-id=\"417dd9a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3845ab2 elementor-widget elementor-widget-spacer\" data-id=\"3845ab2\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f60ddd0 elementor-widget elementor-widget-heading bdevs-el heading\" data-id=\"f60ddd0\" data-element_type=\"widget\" data-settings=\"{&quot;design_style&quot;:&quot;style_1&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t        \n                    <div class=\"section__title section__title-3 wow fadeInUp2 bdevs-el-content\" data-wow-delay=\".2s\">\n                                <h2 class=\"section-title bdevs-el-title  bdevs-el-btn\">The IFRS 15 revenue model has only five steps, which looks simple at first.<\/h2>                            <\/div>\n            \n        \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15fa9f6 elementor-widget__width-inherit elementor-widget elementor-widget-image\" data-id=\"15fa9f6\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.5 - 27-04-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"509\" height=\"322\" src=\"https:\/\/hamiltonpi.co.id\/wp\/wp-content\/uploads\/2022\/06\/5-steps-IFRS-15-revenue-model.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/hamiltonpi.co.id\/wp\/wp-content\/uploads\/2022\/06\/5-steps-IFRS-15-revenue-model.png 509w, https:\/\/hamiltonpi.co.id\/wp\/wp-content\/uploads\/2022\/06\/5-steps-IFRS-15-revenue-model-300x190.png 300w\" sizes=\"auto, (max-width: 509px) 100vw, 509px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a3d223d elementor-widget elementor-widget-heading bdevs-el heading\" data-id=\"a3d223d\" data-element_type=\"widget\" data-settings=\"{&quot;design_style&quot;:&quot;style_1&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t        \n                    <div class=\"section__title section__title-3 wow fadeInUp2 bdevs-el-content\" data-wow-delay=\".2s\">\n                                <h2 class=\"section-title bdevs-el-title  bdevs-el-btn\">But, your revenue data will need to be reprocessed from the start.<\/h2>                            <\/div>\n            \n        \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ce780b9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ce780b9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-66606bc\" data-id=\"66606bc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-79affca elementor-widget elementor-widget-spacer\" data-id=\"79affca\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a15198 elementor-widget elementor-widget-image\" data-id=\"6a15198\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1132\" height=\"727\" src=\"https:\/\/hamiltonpi.co.id\/wp\/wp-content\/uploads\/2022\/06\/solutions_infographic.png\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/hamiltonpi.co.id\/wp\/wp-content\/uploads\/2022\/06\/solutions_infographic.png 1132w, https:\/\/hamiltonpi.co.id\/wp\/wp-content\/uploads\/2022\/06\/solutions_infographic-300x193.png 300w, https:\/\/hamiltonpi.co.id\/wp\/wp-content\/uploads\/2022\/06\/solutions_infographic-1024x658.png 1024w, https:\/\/hamiltonpi.co.id\/wp\/wp-content\/uploads\/2022\/06\/solutions_infographic-768x493.png 768w, https:\/\/hamiltonpi.co.id\/wp\/wp-content\/uploads\/2022\/06\/solutions_infographic-600x385.png 600w\" sizes=\"auto, (max-width: 1132px) 100vw, 1132px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d0f5e4 elementor-widget elementor-widget-spacer\" data-id=\"7d0f5e4\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7577bcd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7577bcd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ec5e26e\" data-id=\"ec5e26e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>REVENUE COMPLIANCE (IFRS 15 AND ASC 606) A decades-long rift is over. IFRS 15 and ASC 606, both entitled &#8216;Revenue from Contracts with Customers&#8217;, 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-1617","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/hamiltonpi.co.id\/wp\/wp-json\/wp\/v2\/pages\/1617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hamiltonpi.co.id\/wp\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/hamiltonpi.co.id\/wp\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/hamiltonpi.co.id\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hamiltonpi.co.id\/wp\/wp-json\/wp\/v2\/comments?post=1617"}],"version-history":[{"count":220,"href":"https:\/\/hamiltonpi.co.id\/wp\/wp-json\/wp\/v2\/pages\/1617\/revisions"}],"predecessor-version":[{"id":5394,"href":"https:\/\/hamiltonpi.co.id\/wp\/wp-json\/wp\/v2\/pages\/1617\/revisions\/5394"}],"wp:attachment":[{"href":"https:\/\/hamiltonpi.co.id\/wp\/wp-json\/wp\/v2\/media?parent=1617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}