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.

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.

Connect with us

 

Request for proposal

 

Submit

IFRS 15: Illustrative disclosures

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

 
Read more

Transition to IFRS 15

What's the best option for your business?

 
Read more

IFRS 15 for construction

IFRS 15 could bring significant change for the construction sector.

 
Read more
KPMG 'New revenue standard: A clearer view of IFRS 15' publication image: Woman looking at a smartphone while carrying shopping bags.

IFRS 15 – A clearer view

Proposed amendments to IFRS 15 clarify four key aspects of the new revenue standard.

 
Read more

IFRS 15 for consumer goods

How might food, drink and consumer goods companies be affected by the new revenue standard?

 
Read more