How does IFRS 15 address the accounting for service concession arrangements that are within the scope of IFRIC 12?

Nov 22, 2018 ... This model is designed to illustrate how a change to revenue recognition due to the adoption of IFRS 15, can impact not only current period revenue and profit, ... IFRS 15 provides a comprehensive framework for recognising and measuring revenue from contracts with customers. This course explores the five-step model for ... Feb 20, 2020 ... Corresponding with IPSASB Exposure Draft 70, Revenue with Performance Obligations, this table of concordance compares paragraphs in IFRS 15, ... It is important to note that there are some exclusions from IFRS 15 such as: Lease contracts (IAS 17); Insurance contracts (IFRS 4); Financial instruments (IFRS ... May 9, 2023 ... ASC 606 allows companies to capitalise and amortise certain incremental costs of obtaining a contract, such as sales commissions. IFRS 15 ... Nov 1, 2022 ... When IFRS 15 Revenue from Contracts with Customers came into effect in 2018, the global economy looked very different. 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 ... IFRS 15: Revenue from Contracts with Customers ... The standard applies to all types of contracts with customers in all industries (subject to certain scoping ... Oct 3, 2016 ... ❖ Adoption from FY15-16 in phased manner. ❖ IFRS 9 implemented. ❖ IFRS 15 announce for implementation FY15-16; withdrawn as. IASB postponed ... 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 ...