All IFRS 15 publications

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

EFRAG endorsement status report 30 March 2017 Image

EFRAG endorsement status report 30 March 2017

31 Mar 2017

The endorsement status report has been updated to reflect that ARC votes and final endorsement that were still noted as "Q1 2017" are now expected in the second quarter of 2017.

EFRAG endorsement status report 31 October 2016 Image

EFRAG endorsement status report 31 October 2016

31 Oct 2016

This endorsement status report update reflects that IFRS 15 'Revenue from Contracts with Customers' has been endorsed for use in the European Union.

EFRAG endorsement status report 21 September 2016 Image

EFRAG endorsement status report 21 September 2016

22 Sep 2016

This endorsement status report update reflects that EFRAG has come to some slightly changed estimates regarding when final endorsement of certain pronoucements for use in the European Union is to be expected.

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EFRAG endorsement status report 6 July 2016

07 Jul 2016

This endorsement status report update reflects the issuance of EFRAG endorsement advice on 'Clarifications to IFRS 15 'Revenue from Contracts with Customers''.

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EFRAG endorsement status report 17 May 2016

17 May 2016

This endorsement status report update reflects that EFRAG published draft endorsement advice on 'Clarifications to IFRS 15'. Endorsement is currently expected in the first quarter of 2017.

Heads Up — FASB makes narrow-scope amendments to revenue standard and provides practical expedients Image

Heads Up — FASB makes narrow-scope amendments to revenue standard and provides practical expedients

11 May 2016

This Heads Up discusses FASB Accounting Standards Update (ASU) No. 2016-12, "Narrow-Scope Improvements and Practical Expedients," which amends certain aspects of the Board's May 2014 revenue standard (ASU 2014-09, "Revenue From Contracts With Customers"). The amendments address certain implementation issues identified by the FASB's transition resource group and clarify, rather than change, the new revenue standard's core revenue recognition principles.

TRG Snapshot — Meeting on revenue: April 2016 Image

TRG Snapshot — Meeting on revenue: April 2016

20 Apr 2016

This TRG Snapshot summarizes the April 18, 2016, meeting of the transition resource group (TRG) on revenue recognition.

IFRS in Focus — IFRS in Focus — IASB introduced clarifications to IFRS 15 Image

IFRS in Focus — IASB introduced clarifications to IFRS 15

20 Apr 2016

This newsletter outlines the IASB's recent clarifying amendments to IFRS 15 'Revenue from Contracts with Customers'.

EFRAG endorsement status report 20 April 2016 Image

EFRAG endorsement status report 20 April 2016

20 Apr 2016

This endorsement status report update reflects that on 18 April 2016 the Accounting Regulatory Committee (ARC) voted in favour of endorsing the amendment 'Investment Entities – Applying the Consolidation Exception'. Endorsement is currently expected in the third quarter of 2016.

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EFRAG endorsement status report 18 April 2016

19 Apr 2016

This endorsement status report update reflects that on 11 April 2016 the Accounting Regulatory Committee (ARC) voted in favour of endorsing IFRS 15 'Revenue from Contracts with Customers' including the amendments to IFRS 15 'Effective date of IFRS 15'. Endorsement is currently expected in the second half of 2016.

Heads Up — FASB clarifies guidance on licensing and identifying performance obligations Image

Heads Up — FASB clarifies guidance on licensing and identifying performance obligations

15 Apr 2016

This Heads Up discusses the FASB’s recently issued Accounting Standards Update (ASU) No. 2016-10, "Identifying Performance Obligations and Licensing," which amends certain aspects of the Board's new revenue standard, ASU 2014-09, "Revenue From Contracts With Customers." The amendments in the ASU reflect feedback received by the FASB-IASB joint revenue recognition transition resource group, which was formed to address potential issues associated with the implementation of the new revenue standard, as well as comments received from stakeholders on the FASB’s proposed guidance.

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EFRAG endorsement status report 13 April 2016

13 Apr 2016

This endorsement status report update reflects the issuance of 'Clarifications to IFRS 15 'Revenue from Contracts with Customers'' by the IASB on 12 April 2016. Endorsement is currently expected in the first quarter of 2017.

TRG Snapshot — Summary of revenue implementation issues discussed to date Image

TRG Snapshot — Summary of revenue implementation issues discussed to date

31 Mar 2016

This TRG Snapshot summarizes the nearly 40 issues discussed, and general agreement reached, by the FASB’s and IASB’s joint transition resource group (TRG) in its six meetings held to date. The issues are organized topically in a manner consistent with their arrangement in the new revenue standard, and the publication’s appendix lists the issues chronologically. In addition, the appendix includes links to (1) TRG agenda papers that further describe the issues and provide illustrative examples, (2) the TRG’s minutes for each meeting (if publicly available), and (3) Deloitte’s summary of each meeting.

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EFRAG endorsement status report 9 March 2016

09 Mar 2016

This endorsement status report update reflects that the final endorsement of IFRS 15 'Revenue from Contracts with Customers' for use in the European Union is now expected in the second half of 2016 (was: second quarter of 2016).

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Heads Up — The new revenue standard — Adoption and transition observations

14 Jan 2016

This Heads Up discusses certain considerations related to implementing the FASB’s and IASB’s new revenue standard, "Revenue From Contracts With Customers." The discussion centers on the results of a Deloitte-sponsored survey in which respondents were asked various questions pertaining to their readiness to adopt the standard’s provisions.

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EFRAG endorsement status report 3 December 2015

03 Dec 2015

This endorsement status report update reflects that the European Union has published a Commission Regulation adopting 'Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to IAS 16 and IAS 38)' for use in the European Union. It also reflects that the Accounting Regulatory Committee (ARC) meeting was cancelled due to the special situation in Brussels, therefore ARC votes on IFRS 15 and amendments to IFRS 10, IFRS 12 and IAS 28 will not occur until the first quarter of 2016. Accordingly, endorsement of these pronouncement is now expected in the second quarter of 2016.

IFRS in Focus — Joint Meeting on Revenue Image

IFRS in Focus — Joint Meeting on Revenue

18 Nov 2015

This newsletter summarises the November meeting of the IASB and FASB joint revenue transition resource group.

TRG Snapshot — Joint meeting on revenue: November 2015 Image

TRG Snapshot — Joint meeting on revenue: November 2015

11 Nov 2015

This TRG Snapshot summarizes the November 9, 2015, meeting of the joint FASB and IASB transition resource group (TRG) on revenue recognition, which was formed to discuss and analyze potential issues that preparers may face when implementing the boards’ new revenue standard.

Deloitte comment letter on IASB ED/2015/6 'Clarifications to IFRS 15' Image

Deloitte comment letter on IASB ED/2015/6 'Clarifications to IFRS 15'

28 Oct 2015

Deloitte Touche Tohmatsu Limited has responded to the International Accounting Standards Board's (IASB) Exposure Draft ED/2015/6 Clarifications to IFRS 15.

rev rec mining Image

IFRS industry insights: Mining sector — IFRS 15, the new revenue Standard could impact profile of revenue and profit recognition

08 Oct 2015

This publication highlights issues from the new revenue recognition standard that will be of interest to those in the mining sector.

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