Clarifications to IFRS 15

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EY Global CRS

10 Jun 2014
Categories Revenue

Our panel of EY subject-matter professionals discuss the IASB’s recent amendments, Clarifications to IFRS 15 Revenue from Contracts with Customers, and highlight practical challenges and a variety of examples.

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