Our detailed guidance, insight and analysis will help you transition successfully to the new standard.
“For many organisations, IFRS 15 will have a broad impact – not just changing the amounts and timing of revenue, but requiring an overhaul of the core systems used to produce the numbers.”
KPMG’s global IFRS revenue recognition leader
“If you haven’t yet engaged with IFRS 15, then it’s time to assess the extent of the impact, so that you can address the wider business implications – and meet the expectations of your stakeholders and regulators.”
KPMG’s global IFRS revenue recognition deputy leader
IFRS 15 is effective from 1 January 2018. Decisions should already have been made on which transition approach to adopt – retrospective or cumulative effect. Retrospective application is likely to be challenging, despite the practical expedients available.
Our updated publication, Revenue – Transition options (PDF 407 KB), can help you understand and implement the best option for your business
Our IFRS – Revenue hot topics page presents our latest thinking on the new revenue standard, along with our commentary on emerging implementation issues.
A fully revised edition of our Issues In-Depth (PDF 2.54 MB) provides our detailed analysis, pooling the insights and experience of our revenue recognition teams globally to guide you through the requirements of the new standard.
It illustrates the main points with industry-specific examples and explains our emerging thinking on key interpretative issues.
It also addresses the question ‘how does this compare with my current accounting?' by including comparisons with current IFRS and US GAAP requirements.
Our series of industry-specific publications looks at what the new standard could mean for a range of different sectors.
You may also find our Guide to annual financial statements – IFRS 15 supplement (PDF 2.69 MB)
This web article is also available in print-friendly format (PDF 258 KB).
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