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

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The Bruce Column — Recognising the achievement

28 May 2014

The new revenue recognition standard has been a long time in gestation. Now that it is published Robert Bruce, our regular resident columnist assesses its impact and effects.

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

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

28 May 2014

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

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

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

28 May 2014

This publication highlights issues from the new revenue recognition standard that will be of interest to those in the telecommunications sector; the standard may require system changes and 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 media sector Image

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

28 May 2014

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

IFRS industry insights: Implications of the new revenue recognition standard on the real estate sector Image

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

28 May 2014

This publication highlights issues from the new revenue recognition standard that will be of interest to those in the real estate 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 automotive sector Image

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

28 May 2014

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

IFRS industry insights: Implications of the new revenue recognition standard on the aerospace and defence sector Image

IFRS industry insights: Implications of the new revenue recognition standard on the aerospace and defence sector

28 May 2014

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

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Robert Bruce interviews — IFRS 15 'Revenue from Contracts with Customers'

28 May 2014

In this interview, Robert speaks with Phil Barden, Leader of 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. 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.

IFRS in Focus — IASB issues new standard on revenue recognition Image

IFRS in Focus — IASB issues new standard on revenue recognition

28 May 2014

This newsletter discusses the IASB's new Standard, IFRS 15 'Revenue from Contracts with Customers'. It summarises the final standard’s (1) key provisions, including the specific steps for recognising revenue; (2) other provisions and impacts; (3) disclosure requirements; and (4) effective date and transition.

IASB (International Accounting Standards Board) (blue) Image

IASB and FASB issue new, converged revenue standards

28 May 2014

The International Accounting Standard Board (IASB) has today published its new revenue Standard, IFRS 15 'Revenue from Contracts with Customers'. At the same time, the US-based Financial Accounting Standards Board (FASB) has published its equivalent revenue standard, ASU 2014-09 'Revenue from Contracts with Customers' (Topic 606).The standards are the result of a convergence project between the two Boards. IFRS 15 specifies how and when an IFRS reporter will recognise revenue as well as requiring such entities to provide users of financial statements with more informative, relevant disclosures. The standard supersedes IAS 18 'Revenue', IAS 11 'Construction Contracts' and a number of revenue-related interpretations. Application of the standard is mandatory for all IFRS reporters and it applies to nearly all contracts with customers: the main exceptions are leases, financial instruments and insurance contracts.

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