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Business, 31.08.2021 14:20 johnwatson12

The adoption of IFRS 15 may lead to significant changes in the pattern of revenue and profit recognition. Careful consideration and planning will be needed for a range of issues, including the effect on: ο‚· Compliance with bank covenants; and
ο‚· Performance based compensations
Required:
Explain the possible reasoning behind the advice above.

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