IFRS 15 Revenue from customer contracts

From Mechanical Rules to Economic Reality, Governance, and Judgment When to Recognize Revenue – Why “When” Still Matters More Than “How Much” Topics show When to Recognize Revenue – Why “When” Still Matters More Than “How Much” The Core Principle Revisited – Performance as the Anchor of Revenue From Risks and Rewards to Control – … Read more

1. The Realisation Principle – Then and Now Topics show 1. The Realisation Principle – Then and Now 2. From Concept to Standard – IFRS 15’s Five-Step Model IFRS 15’s Five-Step Model – The Story Behind the Numbers Step 1 – Identify the Contract (IFRS 15.9–21) 3. Key Recognition Triggers 4. Six Case Examples – … Read more

Revenue over time or at a point in time – When Does Revenue Truly Happen? Topics show Revenue over time or at a point in time – When Does Revenue Truly Happen? The Three Criteria for Revenue Over Time Case A – The Recurring Service (One Performance Obligation) Judgement in practice Governance angle Key insight … Read more

Last Updated on 02/10/2025 by 75385885 IFRS 15 Significant Judgments and Estimates Topics hide IFRS 15 Significant Judgments and Estimates Why two versions? Why Judgments Matter in IFRS 15 The 5-Step Model of IFRS 15 Significant Judgments and Estimates Step 1 – Identify the Contract with the Customer Step 2 – Identify the Performance Obligations … Read more

Last Updated on 01/10/2025 by 75385885 The Complete IFRS 15 Revenue Guide – Introduction: Why Revenue Recognition Matters Topics hide The Complete IFRS 15 Revenue Guide – Introduction: Why Revenue Recognition Matters Combine IFRS 15 items with the IFRS 9 ECL-model Step 1 – Identify the Contract Step 2 – Identify the Performance Obligations Step … Read more

Here the questions raised is how to account for revenue in a transfer of land. Or to put it more formally how to account for revenue recognition in a real estate contract that includes the transfer of land (as per IFRS 15 Revenue from Contracts with Customers) as per the same 2018 IFRS Interpretations Committee Agenda … Read more

Topics hide Arrangements where the identification criteria are not met Arrangements where the identification criteria are not met Arrangements where the identification criteria are not met An arrangement is not accounted for using the five contract identification criteria until all of the criteria are met. Management will need to reassess the arrangement at each reporting … Read more

Topics hide Pre-Contract Establishment Date activities Partially Satisfied Performance Obligations Before the Identification of a Contract TRG Update — Pre-CED Activities Q&A Partial Satisfaction of a Performance Obligation Before Identification of the Contract — Revenue Recognition Food for thought — Trial Periods Food for thought — Free Trial Period Pre-Contract Establishment Date activities or Partially … Read more