What you need to know about IFRS 15

Our panel of EY subject-matter professionals discuss the International Accounting Standards Board’s (IASB) recent amendments, Clarifications to IFRS 15, and will highlight practical challenges and a variety of examples.

Our panel highlights the latest thinking on selected questions discussed by members of the IASB/FASB Joint Transition Resource Group (TRG).

In this webcast, we will discuss:

• An overview of the IASB’s clarifications to the requirements for:
  • Identifying the Performance Obligations in the Contract (Step 2) of the new revenue recognition model
  • Principal versus Agent Application Guidance
  • Licensing Application Guidance
  • Transitioning to IFRS 15
• Key implications of the clarifications
• Key implications of selected discussions by the TRG

Panelists

Angela Covic, EY

Angela Covic is an Executive Director of Ernst & Young LLP in the UK, in its Professional Practice – IFRS Services group. She is also a member of the EY Global subject matter groups for Revenue Recognition and Fair Value Measurement.

Charlene Teo, EY

Charlene Teo is a Senior Manager with Ernst & Young LLP in Singapore, in its Professional Practice – IFRS Services group. She is also a member of the EY Global Revenue Recognition subject matter group and IFRS sector groups for Power & Utilities and Technology.

Alexandra (Sasha) Poddubnaya, EY

Sasha Poddubnaya is a Senior Manager of Ernst & Young LLP in the UK, in its Professional Practice – IFRS Services group. Sasha is also a member of the EY Global Revenue Recognition and Presentation and Disclosure subject matter groups.

Moderator

Steve Martin, EY

Steve Martin is a Partner in the Ernst & Young LLP Capital Markets and IFRS Services practice in London. He is also a member of the EY Global Revenue Recognition subject matter group and its IFRS sector group for Technology.