In this article, Gaukhar Narbekova, Partner of MinTax Group, Director of the Audit Department, describes the procedure for the presentation of transactions under long-term contracts in the accounting and tax records using an example taken from practical experience in the course of rendering audit and consulting services to organizations providing services to subsoil users.

In connection with the entry into force of the new IFRS[1] 15 “Revenue from Contracts with Customers”, accountants often ask questions about changes in the accounting treatment for transactions read more

[1] International Financial Reporting Standard.

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