What are the key areas where judgment is required in applying IFRS 15 to digital businesses?

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 ... Apr 26, 2017 ... Excluding the impact of IFRS 15, the revision of the sales system for the Consumer Products Business in Japan and the effect of currency ... 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, ... May 9, 2023 ... ASC 606 allows companies to capitalise and amortise certain incremental costs of obtaining a contract, such as sales commissions. IFRS 15 ... ASC 606 and IFRS 15 are revenue recognition standards that affect all businesses that enter into contracts with customers to transfer goods or services. 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 ... Nov 25, 2024 ... IFRS 15: Everything you need to know about the post-implementation review (PIR) · No change to the rules on the timing of revenue recognition. Feb 20, 2020 ... Corresponding with IPSASB Exposure Draft 70, Revenue with Performance Obligations, this table of concordance compares paragraphs in IFRS 15, ... Effective January 1, 2018, Kinaxis adopted IFRS 15, which impacts the revenue recognition of subscription agreements where the software is delivered on-premise. Feb 7, 2025 ... This article explores IFRS 15 and its practical applications within construction companies, offering insights into how key principles are implemented in ...