Title: Balancing an accounting problem
Media: The Star daily
Date: 24 July 2010
When IFRIC 15 was issued and subsequently adopted in Malaysia in 2010, it created a big debate on revenue recognition for property developers – percentage of completion or completed method?
Goh Kean Hoe followed this issue closely since the draft IFRIC was issued by IASB in 1997 where he submitted his comment on the draft. In this article that appeared on the Star newspaper on 24 July 2010, he shared his analysis of this issue and what needed to be done.