What are the potential impacts of future technological advancements on the application and interpretation of IFRS 15?

Jan 29, 2025 ... Mayer, A., Larsen, H.H., Consequences of the Implementation of IFRS 15 Revenue from Contracts with Customers on Accounting Qu ality ... Consequently, the entity accounts for the contract with the customer in accordance with the requirements in. IFRS 15. Example 3—Implicit price concession. An ... 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 ... Feb 6, 2017 ... The concept of income is crucial to the entity's financial performance, and is half of determining an organisation's profitability and ... The IASB has amended IFRS 15 to clarify the guidance on identifying performance obligations, licences of IP and principal versus agent. Jul 6, 2018 ... IFRS15 “Revenue”: This accounting standard increases IFRS revenue insofar as certain costs re-billed directly to clients are excluded from ... This course is part of the IFRS Certificate Program — a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and ... The FRC considers there is still considerable scope for improving disclosures to meet the disclosure objective in IFRS 15. We highlight changes for the real estate industry in guidance on when to recognize revenue arising from contracts with customers. 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 ...