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Robert Bruce interviews — A detailed look at the new revenue framework, IFRS 15 "Revenue from Contracts with Customers"

Published on: Jun 23, 2014

Robert Bruce hosts an interview on some of the issues and challenges that entities may encounter when applying the IASB’s new standard, IFRS 15, Revenue from Contracts with Customers.

In this interview, Robert speaks with Phil Barden, a Partner in the Deloitte UK IFRS Center of Excellence, and Amy Haworth, a Senior Manager in the Deloitte UK IFRS Center of Excellence. They discuss in greater detail the core principles underpinning the IFRS 15 framework, and potential issues that certain IFRS reporters may encounter when implementing this standard. They additionally discuss certain guidance that IFRS 15 introduces of which IFRS reporters will need to be aware, such as disclosures, contract modifications and customer options to purchase additional goods and services, and transition options. (approx. 61 min)

Click above to access the video podcast. The audio podcast can be found here. The podcast is also available for download from iTunes.

This interview has been split into individual segments for easier viewing. Click on the links below to open the videos in a new window.

In another video podcast in this series, Robert Bruce interviews Phil Barden, Leader of the Deloitte Expert Advisory Panel on Revenue Recognition, Panos Kakoullis, Head of Audit of Deloitte UK, William Touche, a Senior Partner of Deloitte UK’s Technology Group, and Mark Beddy, a Senior Partner of Deloitte UK's Real Estate Group. The podcast provides a high-level introduction to the standard as they discuss the background to the new standard on revenue recognition and the impacts it may have on revenue recognition, particularly in the telecommunications, software, and real estate sectors. The podcast can be found here.

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