Do contractual terms always dictate the accounting treatment under IFRS 15?

The IASB has amended IFRS 15 to clarify the guidance on identifying performance obligations, licences of IP and principal versus agent. In this article, we unpack everything about IFRS 15 to help you understand exactly what it is and how to apply it to your financial reporting. Jan 30, 2020 ... Details. IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers were implemented in the public sector from 01 April 2018 ... IFRS 15 introduces a five-step model of revenue recognition, for common to all types of transactions, to all companies and industries. IFRS 15 provides a robust framework for revenue recognition that emphasizes the transfer of control of goods and services to customers at amounts reflecting ... Dec 4, 2024 ... Ferreira, A. (2020). The Impact of IFRS 15 on the Telecommunications SectorThe Case of Portuguese and Spanish Listed Companies. PwC's Revenue page covering IFRS 15, 'Revenue from contracts with customers' For most companies, the implementation of this standard will result in significant effects on accounting and reporting techniques, on the business processes and ... May 5, 2021 ... Abstract/Index. Revenues. International accounting standards board. IFRS 15: revenue from contracts with customers. Transition to the IFRS ... Jul 6, 2015 ... On July 3, 2015, the JICPA submitted comments on the Exposure Draft“Effective Date of IFRS 15 (Proposed amendments to IFRS 15)”JICPA's ...