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
ESMA publishes 26th enforcement decisions report
17 May 2022
The European Securities and Markets Authority (ESMA) has published further extracts from its confidential database of enforcement decisions taken by European national enforcers. This batch deals with decisions in relation to IFRS 9, IAS 2 (two decisions), IFRS 15 (three decisions), IFRS 16/IAS 36, IAS 36 (two decisions), IFRS 8 and IAS 7/IAS 8.
EFRAG survey on IFRS 15
22 Mar 2022
The European Financial Reporting Advisory Group (EFRAG) has launched a survey to seek input from users and preparers on the effects of IFRS 15 on revenue recognition.
Deloitte comment letter on tentative agenda decision on principal versus agent software reseller
07 Feb 2022
We have commented on the IFRS Interpretations Committee's publication in the December 2021 Update of the tentative agenda decision (TAD) not to take onto the Committee’s agenda the request for clarification on whether, in applying IFRS 15, a reseller of software licenses is a principal or agent.
Roadmap: Revenue Recognition (2021)
02 Nov 2021
This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASC 606 on revenue from contracts with customers, the cost guidance in ASC 340-40, and the guidance in ASC 610-20 on gains and losses on transfers of nonfinancial and in-substance nonfinancial assets to noncustomers. The 2021 edition includes updated and expanded guidance as well as On the Radar, a new section (also available as a stand-alone publication ) that briefly summarizes emerging issues and trends related to the accounting and financial reporting topics addressed in this Roadmap. Appendix G highlights all new content and any substantive revisions to previous content.
Call for papers — Research on IASB’s post-implementation reviews of IFRS Standards
12 Feb 2021
The IFRS Foundation are seeking academic research paper proposals on the application of the disclosure requirements in IFRS 15 ‘Revenue from Contracts with Customers’ or the application of the disclosure requirements in IFRS 7 ‘Financial Instruments: Disclosures’ by entities applying IFRS 9 ‘Financial Instruments’.
IASB, FASB, and The Accounting Review call for academic research papers on the performance of standards in capital markets
10 Feb 2021
The IASB, FASB, and The Accounting Review (TAR) are requesting academic research papers focusing “on the effectiveness of the FASB’s and/or IASB’s standards on revenue recognition (Topic 606 and IFRS 15 'Revenue from Contracts with Customers'), leases (Topic 842 and IFRS 16 'Leases'), and financial instruments (Topic 326, 'Financial Instruments – Credit Losses and IFRS 9 Financial Instruments').”
IASB posts recording of recent webinar on academics and the post-implementation reviews of IFRS 15
09 Feb 2021
The IASB has posted the recording of its recent webinar on identifying research opportunities by academics in IFRS 15 ‘Revenue from Contracts with Customers’.
Academics and the post-implementation reviews of IFRS 9, IFRS 15, and IFRS 16
12 Jan 2021
The IFRS Foundation is offering three webinars aimed at identifying how academics can contribute to the post-implementation reviews of IFRS 9 'Financial Instruments', IFRS 15 'Revenue from Contracts with Customers', and IFRS 16 'Leases'.
Deloitte IFRS Masterclass 2020
07 Dec 2020
On 8-10 December 2020, Deloitte Middle East offers the IFRS Masterclass 2020 as an online event. There is no charge for attending, however, prior registration is required.
FRC publishes thematic review findings on IFRS 15 and IFRS 16
24 Sep 2020
The UK Financial Reporting Council (FRC) has published two thematic reviews to help companies improve the quality of their corporate reporting in relation to IFRS 15 'Revenue from Contracts with Customers' and IFRS 16 'Leases'.
IAAER grants for research informing the IASB's work
30 Jun 2020
The 'Research Informing the IASB Decision Process programme' of the International Association for Accounting Education and Research (IAAER) has awarded grants to academics from Canada, Sweden, the UK, and the USA to conduct research that will be relevant to the IASB's work.
IPSASB extends comment letter deadline for its three recent exposure drafts
23 Apr 2020
On 24 February 2020, the International Public Sector Accounting Standards Board (IPSASB) released three interconnected exposure drafts: ED 70 'Revenue with Performance Obligations', ED 71 'Revenue without Performance Obligations', and ED 72 'Transfer Expenses'.
ESMA publishes 24th enforcement decisions report
03 Apr 2020
The European Securities and Markets Authority (ESMA) has published further extracts from its confidential database of enforcement decisions taken by European national enforcers. This batch deals with decisions in relation to IFRS 15 (three decisions), IFRS 7, IFRS 9/IAS 12, IFRS 10, IAS 34, and IFRS 15/IFRS 16.
IPSASB publishes three exposure drafts
24 Feb 2020
The International Public Sector Accounting Standards Board (IPSASB) has released three interconnected exposure drafts: ED 70 'Revenue with Performance Obligations', ED 71 'Revenue without Performance Obligations', and ED 72 'Transfer Expenses'.
We comment on five IFRS Interpretations Committee tentative agenda decisions
25 Nov 2019
We have published our comment letters on IFRS Interpretations Committee tentative agenda decisions related to IAS 21, IAS 29, IFRS 15, and IFRS 16, as published in the September 2019 IFRIC Update.
Deloitte comment letter on tentative agenda decision on IFRS 15 — Training costs to fulfil a contract
25 Nov 2019
We have commented on the IFRS Interpretations Committee's publication in the September 2019 IFRIC Update of the tentative decision not to take onto the Committee's agenda the request for clarification on whether an entity recognises training costs incurred to fulfil a contract with a customer as an asset or an expense when incurred.
ESMA announces enforcement priorities for 2019 financial statements
22 Oct 2019
The European Securities and Markets Authority (ESMA) has announced the priority issues that the assessment of listed companies' 2019 financial statements will focus on.
FRC publishes thematic review findings of IFRS 9, IFRS 15, and IAS 36 company disclosures
10 Oct 2019
The UK Financial Reporting Council (FRC) has published three thematic reviews to help companies improve the quality of their corporate reporting in relation to IFRS 9 'Financial Instruments', IFRS 15 'Revenue from Contracts with Customers' and the impairment of non-financial assets.
We comment on seven IFRS Interpretations Committee tentative agenda decisions
20 Aug 2019
We have published our comment letters on IFRS Interpretations Committee tentative agenda decisions related to IAS 1, IAS 7, IAS 41, IFRS 9, IFRS 15, and IFRS 16, as published in the June 2019 IFRIC Update.
Deloitte comment letter on tentative agenda decision on IFRS 15 — Compensation for delays or cancellations
20 Aug 2019
We have commented on the IFRS Interpretations Committee's publication in the June 2019 IFRIC Update of the tentative decision not to take onto the Committee's agenda the request for clarification on compensation for delays or cancellations.