IFRS 15 specifies when and how an organization should recognize revenue derived from contracts with customers, including how to provide users of financial statements with more informative, relevant disclosures.

Technical Services Department of ICAP has compiled a list of useful international guidance material to help you understand and apply IFRS 15 Revenue from Contracts with Customers. These articles were developed by external organisations and were not reviewed, drafted or approved by ICAP. ICAP accepts no responsibility or liability that might occur directly or indirectly as a consequence of the use, application or reliance on these resources.

Snapshot

IFRS Talks – Five Step Model

(July, 2017 |PWC)

IFRS 15 a snapshot

( April, 2017 | ICAP – ASB)

IASB IAN Mackintosh discusses clarifying amendments to the Revenue Standard

(April 12, 2016 | IASB)

IFRS 15: the new Revenue Standard

(2015|PWC | video)

Revenue from Contracts Project Summary and Feedback Statement

(May, 2014|IASB)

Detailed Summaries

 IFRS 15 Illustratives Example

 (May 2017 | ICAP – ASB)

Special Edition on Revenue

(October 2016 | Grant Thornton)

A closer look at the new revenue recognition standard

(September 2016 | EY)

IFRS 15: Implementation challenges

(July 2014 |PWC)

Publications on IFRS 15

(BDO)

EY Publications on Revenue Recognition

(2017 | EY)

Comprehensive Guides

IFRS in Practice – IFRS 15  

(2017 | BDO)

Revenue recognition — Multiple element arrangements

(2016 | EY)

Revenue from Contracts with Customers – Global Guide

(2016 | PWC Global)

Revenue Issues in Depth

(May, 2016 | KPMG)

Sector wise Guides

 Manufacturing Industry

(March , 2017 |Grant Thornton)

Transport companies – Implementing IFRS 15

(2017 | KPMG)

Power & utilities – Implementing IFRS 15

(2017 | KPMG)

Oil & gas – Implementing IFRS 15

(2016 | KPMG)

IFRS15: An accounting change with profound impacts for communications operators–from the P&L to operations, pricing and marketing

(June, 2016 |PWC)

Recognizing  Revenue in the Real Estate and construction industries

(August, 2016 |Grant Thornton)

IFRS 15 – Accounting for mobile contracts through the ‘indirect’ channel

(2015 | PWC)

Consumer goods – Implementing IFRS 15

 (2015| KPMG)

Applying IFRS in Telecommunications

(March, 2015 |EY)

Implementing IFRS 15 ‘Revenue from Contracts with Customers’ – A practical guide to implementation issues for the aerospace and defence industry

(March, 2015 |Deloitte)

Implementing IFRS 15 ‘Revenue from Contracts with Customers’ – A practical guide to implementation issues for the travel, hospitality and leisure sector

(March, 2015 |Deloitte)

Implementing IFRS 15 ‘Revenue from Contracts with Customers’ – A practical guide to implementation issues for the industrial products and services sector

(March, 2015 |Deloitte)

 Automotive Spotlight New Revenue Recognition Model

(January, 2015 |Deloitte)

Courses / Other web links

IFRS 15 Course – PWC

PWC Inform

CPA Canada – IFRS 15 -Resource page

E – Learning IFRS 15 – Deloitte IAS Plus

 IFRS 15 Disclosures

Applying Revenue Disclosures

(July, 2017 |EY)

 Illustrative IFRS 15 Disclosures

(2015 |PWC)

IFRS 15 Supplement

(November, 2015 |KPMG)

IASB Interactive Forum

Transition Resource Group for Revenue Recognition (TRG)

The TRG informs the International Accounting Standards Board (the Board) and the Financial Accounting Standards Board (FASB) about potential implementation issues that could arise when entities implement the new Standard.

• To solicit, analyse, and discuss stakeholder issues arising from implementation of the new Standard;
• To inform the Board and the FASB about those implementation issues, which will help the boards determine what, if any, action will be needed to address those issues; and
• To provide a forum for stakeholders to learn about the new Standard from others involved with implementation.

Transition Resource Group for Revenue Recognition (TRG)