How does IFRS 15 address the disclosure of remaining performance obligations?

Jan 9, 2018 ... Bisera Grubesic. Thank you, operator. Good morning, everybody, and welcome to our conference call regarding the adoption of IFRS 15 and 16 ... 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. It sets the principles for reporting the information about the revenues about: It describes the five-step model for revenue recognition and provides guidance ... 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 ... Sep 26, 2023 ... IFRS 15 introduces new guidance on accounting for all contract costs, distinguishing between: Subject to certain criteria, these contract costs must be ... Apr 4, 2023 ... IFRS 15 requires recognising revenue over the contract period, not upfront at the time of sale. To follow IFRS, software companies must maintain ... 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, ... 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 ... Summary · considered important or contentious issues in the development of the IFRS Accounting Standard; · considered issues that have come to the IASB's ... Nov 15, 2024 ... This video explains the fundamental principle of IFRS 15 as well as the 5-step model for revenue recognition. It also solves a practical ...