How does IFRS 15 address the presentation of revenue gross versus net?

IFRS 15 introduces a five-step model of revenue recognition, for common to all types of transactions, to all companies and industries. Dec 13, 2024 ... NZ IFRS 15 ... Establishes principles to be applied in reporting information about the nature, amount, timing and uncertainty of revenue and cash ... The IASB has amended IFRS 15 to clarify the guidance on identifying performance obligations, licences of IP and principal versus agent. 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 ... and rewards when it concerns revenue recognition, IFRS 15 shifts the focus to control. With the concept of control pervasively grounded in the new five-step ... 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 ... 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 ... May 5, 2021 ... Abstract/Index. Revenues. International accounting standards board. IFRS 15: revenue from contracts with customers. Transition to the IFRS ... What is IFRS 15 compliance? · Identify contracts with customers · Identify performance obligations · Determine the transaction price · Allocate the transaction ... For most companies, the implementation of this standard will result in significant effects on accounting and reporting techniques, on the business processes and ...