IFRS - Revenue

IFRS - Revenue

KPMG's insights into the joint standard on revenue recognition from the IASB and FASB.

KPMG's insights into the joint standard on revenue recognition from the IASB and FASB.

A new global standard for revenue recognition

It's likely that the new revenue standard will affect the way you account for revenue. Published jointly by the IASB and FASB in May 2014, it replaces existing IFRS and US GAAP guidance and introduces a new recognition model for contracts with customers. For some, the new standard will have a significant impact on how and when they recognise revenue. All companies will be subject to extensive new disclosure requirements. The new standard is effective for annual periods beginning on or after 1 January 2018. Early adoption is permitted.

The HKICPA issued HKFRS 15, which is a word-for-word copy of IFRS 15.

Our materials help you understand the new requirements, assess the impact on your company, and keep up to date with the latest developments on the new standard.

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IFRS Newsletter: Revenue

This newsletter examines the latest developments on the new revenue standard, IFRS 15...

 
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First Impression: IFRS 15 Revenue - It’s time to engage

Our digestible introduction to the clarified version of IFRS 15.

 
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IFRS 15 – 2018 effective date confirmed

IASB confirms a one-year deferral of the effective date of its new revenue standard

 
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IFRS 15: Illustrative disclosure

Our supplement to Guide to IFRS financial statements focuses on IFRS 15

 
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