How does IFRS 15 address potential impairments of contract assets due to the pandemic?

IFRS 15 defines the following terms that form an integral part of this IFRS. Contract – An agreement between two or more parties that creates enforceable rights ... The IASB has amended IFRS 15 to clarify the guidance on identifying performance obligations, licences of IP and principal versus agent. May 31, 2017 ... While International Financial Reporting Standard 15: Revenue from Contracts with Customers (IFRS 15), a new accounting standard for recording ... Jan 6, 2016 ... ... IFRS 15 summary here: https://youtu.be/6d8NPrXKkx4 https://www.cpdbox.com/ ------ *Online IFRS course by Silvia, CPDbox: https://www.cpdbox.com/ ... IFRS 15 helps companies to identify the amount and timing of revenue for accounting purposes. For this purpose, the standards contain a five-step model with ... PwC's Revenue page covering IFRS 15, 'Revenue from contracts with customers' Dec 1, 2024 ... The primary aim of IFRS 15 is to create a single source of guidance for public, private, and non-profit entities to follow when reporting their ... Jun 9, 2023 ... IFRS 15 introduces enhanced disclosure requirements to provide users of financial statements with more information about revenue recognition. 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 13, 2024 ... NZ IFRS 15 ... Establishes principles to be applied in reporting information about the nature, amount, timing and uncertainty of revenue and cash ...