Revenue from contracts with customers The standard is final – A comprehensive look at the new revenue model

Apr 2016

Transportation and logistics industry supplement

On 28 May 2014, the FASB and IASB issued their long-awaited converged standard on revenue recognition. Almost all entities will be affected to some extent by the significant increase in required disclosures. But the changes extend beyond disclosures, and the effect on entities will vary depending on industry and current accounting practices.

This supplement highlights some of the areas that could create the most significant challenges for entities in the transport and logistics industry as they transition to the new standard.

Contact us

Alan Ng

China and Hong Kong Transportation and Logistics Leader

Tel: + (852) 2289 2828

Cathy Kai Jiang

Partner

Tel: +[852] 2289 5659

Elizabeth Wong

Director

Tel: +[852] 2289 2897

Vivian Lai

Director

Tel: +[852] 2289 2870

Cathy Kai Jiang

Partner, International Tax, China

Tel: +[852] 2289 5659 or +[852] 6181 9656