Question: We have talked about two industries (1-telecommunication, 2-software development and technology ) as examples where FRS 115 have had a great impact on the way

We have talked about two industries (1-telecommunication, 2-software development and technology ) as examples where FRS 115 have had a great impact on the way revenues are recognized.

Please identify another industry that you expect FRS 115 to have a great impact on and explain the impact. You are expected to illustrate how the accounting treatment is different under FRS 115 and FRS 18 for the specific industry.

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