IFRS 15 Revenue from customer contracts

Last update 23/01/2020 Identifying the contract contract extensions – When an entity and its customer enter into a contract to renew (or extend the period of) an existing licence, the entity will evaluate whether the renewal or extension should be treated as a new licence or, alternatively, as a modification of the existing contract. A … Read more

Last update 14/02/2020 Allocate the transaction price to the performance obligations – This part relates to a complete explanation of IFRS 15 Revenue from contracts with customers in respect of Engineering & Construction contracts, see Revenue from Engineering & Construction contracts. Once the performance obligations are identified and the transaction price has been determined, IFRS 15 … Read more