{"id":75550,"date":"2016-10-31T07:10:00","date_gmt":"2016-10-31T07:10:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=27f3a2f73cc7b176ca375e80dd4ce1b6"},"modified":"2016-10-31T07:10:00","modified_gmt":"2016-10-31T07:10:00","slug":"european-union-formally-adopts-ifrs-15","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=75550","title":{"rendered":"European Union formally adopts IFRS 15"},"content":{"rendered":"<p>The European Union has published a Commission Regulation endorsing IFRS 15 &#8216;Revenue from Contracts with Customers&#8217;. IFRS 15 specifies how and when an IFRS reporter will recognise revenue as well as requiring such entities to provide users of financial statements with more informative, relevant disclosures. The standard provides a single, principles based five-step model to be applied to all contracts with customers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Union has published a Commission Regulation endorsing IFRS 15 &#8216;Revenue from Contracts with Customers&#8217;. IFRS 15 specifies how and when an IFRS reporter will recognise revenue as well as requiring such entities to provide users of financial &#8230;<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/75550"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75550"}],"version-history":[{"count":1,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/75550\/revisions"}],"predecessor-version":[{"id":75553,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/75550\/revisions\/75553"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}