The upcoming international financial reporting standard on revenue recognition appears unlikely to alter companies’ credit ratings, at least in the short term, a Moody’s analyst told Bloomberg BNA.
As Moody’s VP-senior accounting analyst Kevyn Dillow told Bloomberg BNA about the impacts of IFRS 15: Revenue from Contracts with Customers, “A change in accounting doesn’t change the economics of a transaction.”
As a result, most companies will continue to conduct business much as they have before IFRS 15 comes into force for reporting periods beginning on or after Jan. 1, 2018.
Read the Bloomberg BNA story here.