How does IFRS 15 address the accounting for blockchain-based transactions and cryptocurrencies?

Jan 21, 2019 ... In this article we will look more closely at what it means for an asset to have 'no alternative use' when dealing with a contract for the sale of a single ... 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 ... Date: 16, 22, 29 September 2020 at 2.00-5.00 pm. Objective. Financial instruments (IFRS 9) such as trade receivables and investments in marketable ... 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 ... In SAP Business ByDesign, a Revenue Accounting Contract (RAC) describes which sales document items form a contract based on IFRS 15 / ASC 606. This article attempts to highlight the way in which this standard has, and may, affect the manner in which construction companies in Nigeria recognise revenue. Jul 30, 2018 ... IFRS 15 – a new standard on revenue recognition. ▫ IFRS 15 'Revenue from Contracts with Customers' is applicable as of 1 January 2018 and ... What is IFRS 15 compliance? · Identify contracts with customers · Identify performance obligations · Determine the transaction price · Allocate the transaction ... Job Description · Validate approved running sheets, legal contracts, and business designs in SAP RAR to ensure accurate revenue recognition in compliance with ... Jul 20, 2017 ... Listen to this episode from IFRS Talks - PwC's Global IFRS podcast on Spotify.