Revenue resources
Below is a comprehensive collection of helpful resources — organised chronologically — on the recently-issued IFRS 15 Revenue from Contracts with Customers. Click for direct access to specific revenue resources:
- Our news article announcing the issue of IFRS 15
- IFRS 15 news
- IFRS 15 events
- Major publications on IFRS 15
- Publications on implementing IFRS 15
- All IFRS 15 publications
- Robert Bruce interviews on IFRS 15
- IFRS Industry Insights on the impact of IFRS 15
- TRG Snapshots summarising each meeting of the Transition Resource Group
Latest resources
SEC may propose a new approach to IFRS in the United States
04 Dec 2014
At a recent conference on the future of financial reporting hosted by the United States Chamber of Commerce, Mr Jim Schnurr, Chief Accountant at the Securities and Exchange Commission (SEC), provided some insights into the possible way forward for International Financial Reporting Standards (IFRSs) in the United States, suggesting that another approach to IFRSs in the United States may be forthcoming in the near future. He also gave some views on the revenue recognition and leases convergence projects.
Japan updates list of 'designated' IFRSs
17 Nov 2014
The Financial Services Agency (FSA) of Japan has announced that additional IFRSs were designated for use by companies voluntarily applying IFRSs in Japan. The announcement effectively includes all IASB pronouncements issued up to 30 June 2014.
IFRS Foundation updates the IFRS Taxonomy
12 Nov 2014
The IFRS Foundation has published IFRS Taxonomy 2014 Interim Release 2 which updates the taxonomy for IFRS 15 and common reporting practice in transport and pharmaceuticals sectors.
IFRS in Focus — Joint meeting on Revenue (October 2014)
10 Nov 2014
This newsletter provides summarises the October 2014 meeting of the IASB and FASB joint revenue transition resource group.
IFRS in Focus — Joint meeting on Revenue (July 2014)
10 Nov 2014
This newsletter provides summarises the July 2014 meeting of the IASB and FASB joint revenue transition resource group.
Healthcare sector focus: New revenue recognition model
06 Nov 2014
This infographic publication from Deloitte (South Africa) summarises the potential impacts of IFRS 15 'Revenue from Contracts with Customers' in the manufacturing sector.
Manufacturing sector focus: New revenue recognition model
06 Nov 2014
This infographic publication from Deloitte (South Africa) summarises the potential impacts of IFRS 15 'Revenue from Contracts with Customers' in the manufacturing sector.
Energy and resources focus: New revenue recognition model
06 Nov 2014
This infographic publication from Deloitte (South Africa) summarises the potential impacts of IFRS 15 'Revenue from Contracts with Customers' in the energy and resources sector.
TMT sector focus: New revenue recognition model
06 Nov 2014
This infographic publication from Deloitte (South Africa) summarises the potential impacts of IFRS 15 'Revenue from Contracts with Customers' in the TMT sector.
Financial services sector focus: New revenue recognition model
06 Nov 2014
This infographic publication from Deloitte (South Africa) summarises the potential impacts of IFRS 15 'Revenue from Contracts with Customers' in the financial services sector.
Consumer business focus: New revenue recognition model
06 Nov 2014
This infographic publication from Deloitte (South Africa) summarises the potential impacts of IFRS 15 'Revenue from Contracts with Customers' in the consumer business industry.
TRG Snapshot — Joint meeting on revenue: October 2014
04 Nov 2014
This TRG Snapshot summarizes the October 31, 2014, 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.
FASB announces outreach plan to assess effective date of new revenue guidance
31 Oct 2014
At today’s meeting of the FASB/IASB joint transition resource group for revenue recognition, James Kroeker, the FASB vice chairman, announced that the FASB and its staff plan to conduct further outreach with both public and private companies over the next several months to gauge their progress in preparing to implement the guidance in ASU 2014-09 (equivalent to the IASB's IFRS 15 revenue standard).
Oil & Gas Spotlight — Fueling discussion about the FASB’s new revenue recognition standard
23 Oct 2014
This Oil & Gas Spotlight discusses the new revenue model and highlights key accounting issues and potential challenges for O&G entities that recognize revenue under U.S. GAAP or IFRSs.
Agenda for the Joint Transition Resource Group for Revenue Recognition meeting
20 Oct 2014
The agenda has been released for the second meeting of the Joint Transition Resource Group for Revenue Recognition (TRG), which is being jointly held at the offices of the IASB and FASB on 31 October 2014. The TRG will discuss a number of topics related to the boards’ new revenue standard, “Revenue From Contracts With Customers” (issued as IFRS 15 by the IASB and ASU 2014-09 by the FASB).
Updated EFRAG endorsement status report for draft endorsement advice letter on IFRS 15
15 Oct 2014
The European Financial Reporting Advisory Group (EFRAG) has updated its Endorsement Status Report to include its draft endorsement advice letter on IFRS 15 'Revenue from Contracts with Customers'.
EFRAG endorsement status report 15 October 2014
15 Oct 2014
This endorsement status report from the European Financial Reporting Advisory Group (EFRAG) reflects the issuance of a draft endorsement advice letter on IFRS 15 'Revenue from Contracts with Customers'.
Aerospace & Defense Spotlight — The converged revenue recognition model has landed
22 Sep 2014
This Aerospace & Defense Spotlight discusses the new revenue model and highlights key accounting issues and potential challenges for A&D entities that recognize revenue under U.S. GAAP or IFRSs.
Real Estate Spotlight — E&C entities prepare to implement the converged revenue model
22 Sep 2014
This Real Estate Spotlight discusses the new revenue model and highlights key accounting issues and potential challenges for E&C entities that recognize revenue under U.S. GAAP or IFRSs.
IASB publishes editorial corrections
19 Sep 2014
The International Accounting Standards Board (IASB) has published its second batch of editorial corrections for 2014. The corrections impact a previous editorial correction, consequential amendments, stand-alone standards, and the IASB's "A Guide Through IFRS 2013", "2014 IFRS (Blue Book)", and "2014 IFRS (Red Book)".