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IFRS 15 events

A collection of events related to the May 2014 revenue recognition standard.

Related Dates

July 2014 Transition Resource Group for Revenue meeting
18 Jul 2014
The first meeting of the Joint Transition Resource Group for Revenue Recognition will be held on July 18 and will consist of financial statement preparers, auditors, and users representing a wide range of industries, geographical locations, and public and private companies and organizations.
September meeting of the ICAEW FRDG
15 Sep 2014
The next Institute of Chartered Accountants in England and Wales (ICAEW) Financial Reporting Discussion Group (FRDG) will be held on 15 September 2014 in London.
October 2014 Transition Resource Group for Revenue meeting
31 Oct 2014
The Joint Transition Resource Group for Revenue Recognition meeting will be held on 31 October 2014.
Deadline for comments on EFRAG's draft endorsement advice for IFRS 15
15 Dec 2014
The European Financial Reporting Advisory Group (EFRAG) has issued for comment its draft endorsement advice for the use of IFRS 15 'Revenue from Contracts with Customers' in the European Union (EU). Comments on this are due by 15 December 2014.
January 2015 Transition Resource Group for Revenue meeting
26 Jan 2015
The Joint Transition Resource Group for Revenue Recognition meeting will be held on 26 January 2015.
March 2015 Transition Resource Group for Revenue meeting
30 Mar 2015
The fourth meeting of the Joint Transition Resource Group for Revenue Recognition (TRG) will be jointly held at the offices of the IASB and FASB on 30 March 2015.
Comment letter deadline on deferring the effective date of IFRS 15
03 Jul 2015
The International Accounting Standards Board (IASB) has published an Exposure Draft (ED) of proposed amendments to IFRS 15 'Revenue from Contracts with Customers' on 19 May 2015. The amendments aim at changing the mandatory effective date of IFRS 15 from annual periods beginning on or after 1 January 2017 to annual periods beginning on or after 1 January 2018. Comments are requested by 3 July 2015.
July 2015 Transition Resource Group for Revenue meeting
13 Jul 2015
The fifth meeting of the Joint Transition Resource Group for Revenue Recognition (TRG) will be jointly held at the offices of the IASB and FASB on 13 July 2015.
Comment deadline for CIPFA/LASAAC 2016/17 Code of Practice on Local Authority Accounting
09 Oct 2015
The Chartered Institute of Public Finance and Accountancy (CIPFA) and the Local Authority (Scotland) Accounts Advisory Committee (LASAAC) are seeking comments on an exposure draft of the 2016/17 Code of Practice on Local Authority Accounting in the UK (the Code) which would apply to accounting periods beginning on or after 1 April 2016. Comments are requested by 9 October 2015.
Comment letter deadline for ED on clarifications to IFRS 15
28 Oct 2015
On 30 July 2015, the International Accounting Standards Board (IASB) published an Exposure Draft (ED) ED/2015/6 Clarifications to IFRS 15 (proposed amendments to IFRS 15). The amendments address three of the five topics identified (identifying performance obligations, principal versus agent considerations, and licensing) and aim at transition relief for modified contracts and completed contracts. Comments are requested by 28 October 2015.
November 2015 Transition Resource Group for Revenue meeting
09 Nov 2015
The sixth meeting of the Joint Transition Resource Group for Revenue Recognition (TRG) will be jointly held at the offices of the IASB and FASB on 9 November 2015.
Joint IASB and FASB webcast: Implementation update on revenue
15 Sep 2016
On 15 September, the IASB and U.S. FASB will host a joint webcast to discuss implementation of the requirements in IFRS 15 and ASC 606.
Comment deadline for HM Treasury consultation on application of IFRS 15 and IFRS 9 for the public sector and amendments to the FReM
30 Sep 2016
HM Treasury has issued consultations containing proposals for applying International Financial Reporting Standard (IFRS) 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers for the public sector and amendments to the Government Financial Reporting Manual (FReM) to incorporate the two standards.
Comment deadline for the CIPFA/LASAAC consultation on the 2017/18 Code of Practice on Local Authority Accounting
07 Oct 2016
The Chartered Institute of Public Finance and Accountancy (CIPFA) and the Local Authority (Scotland) Accounts Advisory Committee (LASAAC) are seeking comments on an exposure draft of the 2017/18 Code of Practice on Local Authority Accounting in the UK which would apply to accounting periods beginning on or after 1 April 2017. Comments are requested by 7 October 2016.
Joint IFRSF/ICAI webcast on recent standards
14 Oct 2016
In connection with the meeting of the IFRS Foundation's Trustees in New Delhi, the IFRS Foundation and the Institute of Chartered Accountants of India (ICAI) are jointly organising a webcast on recent standards and future priorities.
Comment deadline for FRC consultation on changes to FRS 102 to reflect recent changes in IFRS
31 Dec 2016
The Financial Reporting Council (FRC) has published a Consultation Document containing proposals to update Financial Reporting Standard (FRS) 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ to reflect recent changes in International Financial Reporting Standards (IFRSs). Comments are requested by 31 December 2016.
May 2017 meeting of the ICAEW FRDG
08 May 2017
The next meeting of the Institute of Chartered Accountants in England and Wales (ICAEW) Financial Reporting Discussion Group (FRDG) will be held on 8 May 2017 in London. The meeting will provide a brief overview of the Financial Reporting Council’s (FRC’s) first triennial review of Financial Reporting Standard (FRS) 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’.
Comment deadline for FRED 67
30 Jun 2017
The Financial Reporting Council (FRC) has published proposals, in the form of FRED 67, for incremental improvements and clarifications to Financial Reporting Standard (FRS) 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’. Comments are requested by 30 June 2017.
Comment deadline for CIPFA/LASAAC consultation on new Code of Practice on Local Authority Accounting
06 Oct 2017
The Chartered Institute of Public Finance and Accountancy (CIPFA) and the Local Authority (Scotland) Accounts Advisory Committee (LASAAC) are seeking comments, via an ‘Invitation to Comment’, on proposals for developing the 2018/19 Code of Practice on Local Authority Accounting in the UK (the Code) which would apply to accounting periods beginning on or after 1 April 2018. Comments are requested by 6 October 2017.
Effective date of IFRS 15
01 Jan 2018
IFRS 15 was issued by the IASB on 28 May 2014 and applies to an entity's first annual IFRS financial statements for a period beginning on or after 1 January 2018.

Correction list for hyphenation

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