All IFRS 15 publications

A collection of all our publications related to the May 2014 revenue recognition standard.

Related Publications

Deloitte comment letter on the IASB’s request for information on the post-implementation review of IFRS 15 Image

Deloitte comment letter on the IASB’s request for information on the post-implementation review of IFRS 15

30 Oct, 2023

Overall, we believe that IFRS 15 has been effective and that the core principle and the supporting five-step revenue recognition model provide a clear and suitable basis for revenue accounting.

Need to know — IASB seeks views on the post-implementation review of IFRS 15 Image

Need to know — IASB seeks views on the post-implementation review of IFRS 15

12 Jul, 2023

This 'Need to know' outlines the request for information 'Post-implementation Review of IFRS 15 'Revenue from Contracts with Customers'', published by the International Accounting Standards Board (IASB) in June 2023.

Deloitte comment letter on FRED 82: Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs Image

Deloitte comment letter on FRED 82 'Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs'

05 May, 2023

We have published our comment letter on the Financial Reporting Council's (FRC's) Financial Reporting Exposure Draft (FRED) 82 'Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs'.

Need to know — Periodic review of FRS 102 Image

Need to know — Periodic review of FRS 102

09 Mar, 2023

This Need to know outlines the proposals set out by the Financial Reporting Council's (FRC's) exposure draft, Financial Reporting Exposure Draft (FRED) 82 'Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs – Periodic Review' (FRED 82) which proposes to make significant amendments to FRS 102 and the other UK accounting standards as part of its periodic review of the UK financial reporting framework.

Governance in brief — FRC sets out key matters for 2022/23 reporting season Image

Governance in brief — FRC sets out key matters for 2022/23 reporting season

07 Dec, 2022

The Financial Reporting Council (FRC) has published its Annual Review of Corporate Reporting setting out key matters for 2022/23 reporting season.

Deloitte comment letter on tentative agenda decision on principal versus agent software reseller Image

Deloitte comment letter on tentative agenda decision on principal versus agent software reseller

07 Feb, 2022

We have commented on the IFRS Interpretations Committee's publication in the December 2021 Update of the tentative agenda decision (TAD) not to take onto the Committee’s agenda the request for clarification on whether, in applying IFRS 15, a reseller of software licenses is a principal or agent.

Accounting roundup-Closing Out 2021 Image

Accounting roundup — Closing Out 2021

16 Dec, 2021

Closing Out 2021 discusses the principal corporate reporting issues arising in respect of 31 December 2021 annual reports, covering areas of regulatory focus identified in the FRC’s Annual Review of Corporate Reporting 2020/2021, issues arising from climate change including new and forthcoming climate-related disclosures and developments in reporting standards.

Governance in focus — On the board agenda 2022 Image

Governance in focus — On the board agenda 2022

03 Dec, 2021

As 2021 draws to a close, our annual review of board topics will stimulate your thinking and help prepare you for the year ahead. Across the board, expectations of business are rising and it is this demanding environment which shapes the articles in this year’s publication.

Governance in brief - FRC issues advice on annual reports for 2021/22 reporting season Image

Governance in brief — FRC issues advice on annual reports for 2021/22 reporting season

11 Nov, 2021

The FRC issues advice on annual reports for 2020/21 reporting season

FRC issues advice on annual reports for 2019/20 reporting season Image

Governance in brief - FRC issues advice on annual reports for 2020/21 reporting season

23 Nov, 2020

FRC issues advice on annual reports for 2019/20 reporting season

Deloitte comment letter on tentative agenda decision on IFRS 15 — Training costs to fulfil a contract Image

Deloitte comment letter on tentative agenda decision on IFRS 15 — Training costs to fulfil a contract

25 Nov, 2019

We have commented on the IFRS Interpretations Committee's publication in the September 2019 IFRIC Update of the tentative decision not to take onto the Committee's agenda the request for clarification on whether an entity recognises training costs incurred to fulfil a contract with a customer as an asset or an expense when incurred.

Governance in brief — FRC issues advice on annual reports for 2019/20 reporting season Image

Governance in brief — FRC issues advice on annual reports for 2019/20 reporting season

14 Nov, 2019

The FRC has issued its Annual Review of Corporate Reporting and annual open letter to finance directors and audit committee chairs covering its perspectives on key developments and areas of focus for 2019/20 annual reports. The report sets out the FRC’s “expectations for corporate reporting to improve trust in business”, emphasising the annual report is a vehicle of trust and stewardship.

Deloitte comment letter on tentative agenda decision on IFRS 15 — Compensation for delays or cancellations Image

Deloitte comment letter on tentative agenda decision on IFRS 15 — Compensation for delays or cancellations

20 Aug, 2019

We have commented on the IFRS Interpretations Committee's publication in the June 2019 IFRIC Update of the tentative decision not to take onto the Committee's agenda the request for clarification on compensation for delays or cancellations.

A Closer Look — Revenue recognition - evaluating whether an entity is acting as a principal or as an agent Image

A Closer Look — Revenue recognition - evaluating whether an entity is acting as a principal or as an agent

25 Jun, 2019

In April 2016, the IASB issued Clarifications to IFRS 15 which amended the principal-versus-agent implementation guidance and illustrations in IFRS 15 to clarify how the principal-versus-agent indicators should be evaluated to support an entity’s conclusion that it controls a specified good or service before it is transferred to a customer. However, given the complexities of some arrangements, including those involving three or more parties, the evaluation of whether an entity is acting as a principal or as an agent continues to require significant judgement, and conclusions reached under IAS 18 may not be the same as those reached under IFRS 15.

Deloitte comment letter on tentative agenda decision on IFRS 15 — Costs to fulfil a contract Image

Deloitte comment letter on tentative agenda decision on IFRS 15 — Costs to fulfil a contract

15 May, 2019

We have commented on the IFRS Interpretations Committee's publication in the March 2019 IFRIC Update of the tentative decision not to take onto the Committee's agenda the request for clarification on the recognition of costs incurred to fulfil a contract as an entity satisfies a performance obligation in the contract over time.

Governance in brief— FRC issues advice on annual reports for the 2018/19 reporting season Image

Governance in brief — FRC issues advice on annual reports for the 2018/19 reporting season

06 Dec, 2018

The Financial Reporting Council (FRC) has issued its Annual Review of Corporate Reporting and annual letter to finance directors and audit committee chairs covering its perspective on key developments for 2018/19 annual reports.

Deloitte comment letter on tentative agenda decision on IFRS 15 — Assessment of promised goods or services Image

Deloitte comment letter on tentative agenda decision on IFRS 15 — Assessment of promised goods or services

21 Nov, 2018

We have commented on the IFRS Interpretations Committee's publication in the September 2018 IFRIC Update of the tentative decision not to take onto the Committee's agenda the request for clarification on the recognition of revenue by a stock exchange that provides a listing service to a customer.

2018 Update on Half Yearly Financial Reporting Image

2018 Update on Half Yearly Financial Reporting

03 Jul, 2018

The 2018 edition of our popular guide to half-yearly financial reporting contains a regulatory overview, setting out the requirements for half-yearly financial reports and changes for preparers to contend with in 2018, including disclosures on the impact of implementing IFRS 15 Revenue from Contracts with Customers and IFRS 9 Financial Instruments, a model half-yearly financial report, including illustrative IAS 34 condensed financial statements; and a disclosure checklist.

Need to know — Disclosing the new adoption of accounting standards in interim financial statements Image

Need to know — Disclosing the new adoption of accounting standards in interim financial statements

21 Jun, 2018

Both IFRS 9 'Financial Instruments' and IFRS 15 'Revenue from Contracts with Customers' are mandatorily effective for annual periods beginning on or after 1 January 2018. For many entities, the first financial statements reflecting adoption of these significant standards will be an interim report for the six months to June 2018. IFRS 16 'Leases' is also available for early adoption in 2018 financial statements.

Tablet Image

Deloitte e-learning — IFRS 15

06 Feb, 2018

This Deloitte e-learning module provides training in the background, scope and principles under IFRS 15 'Revenue from Contracts with Customers', and the application of this Standard. Topics covered include the principles for the recognition of revenue to the sale of goods, services, licenses, royalties, and any variable consideration or modifications to contracts; and guidance is provided on how these principles should be applied by using the new five step revenue recognition model.

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