How does IFRS 15 address the accounting for non-refundable upfront fees related to service contracts?

We highlight changes for the real estate industry in guidance on when to recognize revenue arising from contracts with customers. International Financial Reporting Standards ... IFRS 15 — Revenue from Contracts with Customers ... You must log in to view this content and have a subscription ... For most companies, the implementation of this standard will result in significant effects on accounting and reporting techniques, on the business processes and ... Adherence to IFRS 15 is an important, ongoing obligation for CFOs across the global economy. A wide variety of businesses can enhance compliance, reporting and ... The core principle of IFRS 15 is that revenue is recognised when the goods or services are transferred to the customer, at the transaction price. Revenue is ... Monetize new revenue streams without prolonging your close · Seamlessly launch discounts, free trials and bundles. Immediately recognize revenue from any ... Feb 6, 2017 ... The concept of income is crucial to the entity's financial performance, and is half of determining an organisation's profitability and ... ASC 606 and IFRS 15 are revenue recognition standards that affect all businesses that enter into contracts with customers to transfer goods or services. PwC's Revenue page covering IFRS 15, 'Revenue from contracts with customers' Feb 15, 2018 ... The actual IFRS 15 impacts may differ from the estimates when adopting the standard as of 1st January 2018. The Company has not finalised the re ...