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).