(a) remove inconsistencies and weaknesses in previous revenue
requirements;
(b) provide a more robust framework for addressing revenue issues;
(c) improve comparability of revenue recognition practices across entities,
industries, jurisdictions and capital markets;
IFRS 15 REVENUE FROM CONTRACTS WITH CUSTOMERS
IFRS Foundation 6
(d) provide more useful information to users of financial statements
through improved disclosure requirements; and
(e) simplify the preparation of financial statements by