What are some common areas of interpretation and application difficulties under 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 ... Jul 20, 2017 ... Listen to this episode from IFRS Talks - PwC's Global IFRS podcast on Spotify. Free Goods given to customers, as part of a sale arrangement, is recorded as Trade Terms or Rebates to customers, under IFRS 15, which represents a deduction of ... Abstract. Purpose. To verify the effects of the mandatory nature of the new rule on revenue recognition on the quality of accruals and earnings management ... We highlight changes for the real estate industry in guidance on when to recognize revenue arising from contracts with customers. 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. 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 ... Our handbook will help you interpret and apply IFRS 15 to your revenue-related transactions in this fast-changing world. This guide covers what finance leaders need to understand about each of these updates, and how automation can help you stay agile and responsive. This publication considers the potential implications of IFRS 15 Revenue from Contracts with Customers for life sciences entities. ... Life sciences entities may ...