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CPA Canada Reporting alert: IFRS 15 Revenue from contracts with customers

Published on: Oct 31, 2014

This document summarizes the essential aspects and implications of IFRS 15, and answers the following questions:

  • Why does IFRS 15 matter to me?
  • When is IFRS 15 effective?
  • What are the transitional requirements?
  • What are the basics of IFRS 15?
  • What are the five steps in the new revenue model?
  • How are the costs associated with obtaining and fulfilling a contract recognized?
  • What new disclosure requirements are required?
  • How do the proposed changes affect my business?
  • What's my action plan?
  • What resources are available to help me

Find practical tips and ideas for how to prepare an IFRS 15 implementation plan, including:

  • specific milestones
  • data gathering considerations
  • other implementation recommendations


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