Skip to main content
Toggle search
Menu toggle

IFRS 15: revenue recognition and year end reporting

As the deadline for completing first year end accounts under the latest IFRS 15 revenue recognition standard approaches, Richard Veysey considers the key accounting issues, new disclosure requirements and year end balance movements in assets and liabilities

As the year draws to a close, we are now more than nine months into the first full year of implementation of the International Accounting Standards Board’s (IASB) new revenue recognition standard, IFRS 15 Revenue from Contracts with Customers.

Companies with December year ends have already issued their first half-year results under the new standard, with March year ends due to report in the next few months. So now seems like a good moment to take stock on where we are, and to ask a couple of questions about what happens next.

Your free features:

  • Breaking news and expert analysis
  • Customisable daily newsletters
  • Six free CPD learning modules each year
  • Personalised CPD tracker
  • Top 75 Firms league tables
  • Regulatory changes
  • Hardman’s Tax Data

Sign up to Business & Accountancy Daily

Related Articles
Subscribe