Description
IFRS 15 ‘Revenue From Contracts With Customers’ is effective for reporting periods starting on or after 1 January 2018. IFRS 15 provides the principles to follow when deciding when to recognise revenue and how much revenue to recognise, apart from the information about revenue that entities should disclose in the financial statements. In the first part of the session, we’ll be covering the five-step process prescribed by IFRS 15 in brief. The bulk of the session will consist of four lengthy case studies that will illustrate the application of a number of key IFRS 15 principles.
