• IFRS 15: Revenue Recognition

Understanding contracts with customers

IFRS 15 establishes a single and comprehensive framework which sets out how much revenue is to be recognized, and when. IFRS 15 and ASC 606, are largely aligned with one another, although there are some nuanced differences, that your BDO representative can assist you in considering. 

IFRS 15 At A Glance
A high-level ‘key facts’ document, outlining the requirements for each of the 5 steps under IFRS 15, the key application guidance, definitions and the practical expedients available.

IFRS in Practice: IFRS 15 Revenue from Contracts with Customers
This publication includes in depth analysis and commentary on each of the 5 steps of IFRS 15. In addition, it discusses issues that companies have encountered in implementing IFRS 15 and includes a number of examples to demonstrate how the standard should be applied.