Revenue Recognition for Private Enterprises: An opportunity for change

March 21, 2018

The introduction of the new revenue standard IFRS 15 Revenue from Contracts with Customers may be an opportunity for private enterprises to change their pattern of revenue recognition. IFRS 15 provides specific guidance on complex revenue transactions that doesnot exist under Section 3400 Revenue. For example, IFRS 15 provides guidance on areas such as variable consideration, distinct performance obligations, accounting for licenses, material rights, and contract modifications.

Download this standard

This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our privacy statement for more information on the cookies we use and how to delete or block them.