What are the criteria for accounting for a modification as a separate contract?

The core principle of IFRS 15 is that revenue is recognised when the goods or services are transferred to the customer, at the transaction price. Revenue is ... 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 ... PPA: Accuracy of projections; IFRS15: Learning IFRS 15; AdCPC47: Mandatory adoption of CPC 47; ESTIM: Estimates; SIZ: Company size; ROA: Return on Assets ... IFRS 15 ... IFRS 15 is an International Financial Reporting Standard (IFRS) promulgated by the International Accounting Standards Board (IASB) providing guidance ... 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 ... 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 ... Dec 1, 2024 ... The primary aim of IFRS 15 is to create a single source of guidance for public, private, and non-profit entities to follow when reporting their ... We highlight changes for the real estate industry in guidance on when to recognize revenue arising from contracts with customers. 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 ... 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 ...