Revenue resources

Drops in water

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:

 

Latest resources

Agenda for inaugural meeting of the Joint Transition Resource Group for Revenue Recognition

08 Jul 2014

The agenda has been released for the upcoming inaugural meeting of the Joint Transition Resource Group for Revenue Recognition (TRG), which is being jointly held at the offices of the International Accounting Standards Board (IASB) and United States Financial Accounting Standards Board (FASB) on 18 July 2014. The TRG will discuss a number of issues related to the recently issued IFRS 15 'Revenue from Contracts with Customers' and United States Accounting Standards Update No. 2014-09, 'Revenue from Contracts with Customers'.

Latest IASB 'Investor Perspectives' published

27 Jun 2014

The International Accounting Standards Board (IASB) has released another edition in its 'Investor Perspectives' series. In this edition, Patricia McConnell (member of the IASB) provides her perspectives on the new accounting requirements for revenue recognition.

Detailed interview regarding the new revenue framework in IFRS 15

23 Jun 2014

Robert Bruce hosts an interview with Phil Barden, a Partner in the Deloitte UK IFRS Centre of Excellence, and Amy Haworth, a Senior Manager in the Deloitte UK IFRS Centre of Excellence, to discuss in more detail IFRS 15 'Revenue from Contracts with Customers'.

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

23 Jun 2014

In this interview, Robert speaks with Phil Barden, a Partner in the Deloitte UK IFRS Centre of Excellence, and Amy Haworth, a Senior Manager in the Deloitte UK IFRS Centre 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.

IFRS industry insights: Implications of the new revenue recognition standard on the banking and securities sector

13 Jun 2014

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

IASB holds meetings with AOSSG and ASBJ

06 Jun 2014

The International Accounting Standards Board (IASB) held a series of meetings in Tokyo with the Asian-Oceanian Standard-Setters Group (AOSSG), the Accounting Standards Board of Japan (ASBJ), and others to discuss recent activities by the IASB.

Updated EFRAG endorsement status report includes IFRS 15

05 Jun 2014

The European Financial Reporting Advisory Group (EFRAG) has updated its Endorsement Status Report to include IFRS 15 'Revenue from Contracts with Customers' published on 28 May 2014. It also reflects an open status regarding the endorsement of IFRS 14 'Regulatory Deferral Accounts'.

IFRS industry insights: Implications of the new revenue recognition standard on the power sector

03 Jun 2014

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

IASB and FASB create transition resource group to help entities implement revenue standard

03 Jun 2014

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have announced the formation of a Joint Transition Resource Group (TRG) that will focus on potential implementation issues associated with their new revenue recognition standard.

Accounting Roundup: May 2014

02 Jun 2014

This issue features articles on (1) the new revenue standard jointly issued by the FASB and IASB on May 28, 2014, (2) the SEC chairman’s latest remarks on IFRSs, and (3) recent amendments to IFRSs issued by the IASB.

IFRS industry insights: Implications of the new revenue recognition standard on the chemicals sector

02 Jun 2014

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

IFRS industry insights: Implications of the new revenue recognition standard on the industrial products sector

02 Jun 2014

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

IFRS industry insights: Implications of the new revenue recognition standard on the consumer products sector

02 Jun 2014

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

Joint webcast on revenue recognition

29 May 2014

On 5 June 2014, the IASB and FASB will hold a joint webcast on the boards’ final standard on revenue from contracts with customers.

Heads Up — Boards issue guidance on revenue from contracts with customers

28 May 2014

This Heads Up discusses the final standard on revenue from contracts with customers, released by the FASB and IASB. The standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance.

IFRS industry insights: Implications of the new revenue recognition standard on the investment management sector

28 May 2014

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

IFRS industry insights: Implications of the new revenue recognition standard on the life sciences sector

28 May 2014

This publication highlights issues from the new revenue recognition standard that will be of interest to those in the life sciences sector; the standard could have a major impact on the profile of revenue and profit recognition.

IFRS industry insights: Implications of the new revenue recognition standard on the retail, wholesale and distribution sector

28 May 2014

This publication highlights issues from the new revenue recognition standard that will be of interest to those in the retail, wholesale and distribution sector; the standard could have an impact on the profile of revenue and profit recognition.

IFRS industry insights: Implications of the new revenue recognition standard on the travel, hospitality, and leisure sector

28 May 2014

This publication highlights issues from the new revenue recognition standard that will be of interest to those in the travel, hospitality, and leisure sector; the standard could have an impact on the profile of revenue and profit recognition.

IFRS industry insights: Implications of the new revenue recognition standard on the healthcare sector

28 May 2014

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

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