How does IFRS 15 address the customer's right to return unsatisfactory goods?

This guide covers what finance leaders need to understand about each of these updates, and how automation can help you stay agile and responsive. Jul 20, 2016 ... The European Securities and Markets Authority (ESMA) is issuing this Public Statement on the implementation of IFRS 15 in order to promote ... IFRS 15 provides a robust framework for revenue recognition that emphasizes the transfer of control of goods and services to customers at amounts reflecting ... 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 ... We provide evidence on the impacts of IFRS 15 on the revenue recognition practices and financial statements for a sample of Australian and New Zealand firms. Jan 29, 2025 ... Mayer, A., Larsen, H.H., Consequences of the Implementation of IFRS 15 Revenue from Contracts with Customers on Accounting Qu ality ... What is IFRS 15 compliance? · Identify contracts with customers · Identify performance obligations · Determine the transaction price · Allocate the transaction ... 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 ... Other Standards have made minor consequential amendments to IFRS 15, including. IFRS 16 Leases (issued January 2016) and Amendments to References to the ... Jul 20, 2017 ... Listen to this episode from IFRS Talks - PwC's Global IFRS podcast on Spotify.