What are the key areas of focus for regulators and auditors regarding IFRS 15 compliance?

Applying IFRS 15, an entity recognises revenue to depict the transfer of promised goods or services to the customer in an amount that reflects the consideration ... Feb 20, 2020 ... Corresponding with IPSASB Exposure Draft 70, Revenue with Performance Obligations, this table of concordance compares paragraphs in IFRS 15, ... Clarifications to IFRS 15 Revenue from Contracts with Customers is issued by the International Accounting. Standards Board® (the Board). Disclaimer: the Board, ... Jan 26, 2024 ... This in-depth guide explains all the major distinctions between ASC 606 and IFRS 15 and explores their significance so businesses can move forward confidently. This guide is intended to provide an overview of applying IFRS 15 within the travel, hospitality and leisure sector. The guidance provided here is not intended ... Nov 1, 2022 ... When IFRS 15 Revenue from Contracts with Customers came into effect in 2018, the global economy looked very different. This article attempts to highlight the way in which this standard has, and may, affect the manner in which construction companies in Nigeria recognise revenue. Effective January 1, 2018, Kinaxis adopted IFRS 15, which impacts the revenue recognition of subscription agreements where the software is delivered on-premise. 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 ... International Financial Reporting Standards ... IFRS 15 — Revenue from Contracts with Customers ... You must log in to view this content and have a subscription ...