RSM Poland



IFRS 15 – Revenue from Contracts with Customers (part 3)

20 August 2018
Aleksandra SYSIAK
In the previous article we presented the first step in the model framework of revenue recognition, namely contract identification. Under IFRS 15, revenue should be recognised when contractual obligations are satisfied. Therefore, the entity must first indicate performance obligations in the contract, which makes the second step in the new model of revenue recognition. We are going to discuss it further in this article.  

IFRS 15 – Revenue from Contracts with Customers (part 1)

2 August 2018
Michał DREAS
According to experts, the new IFRS 15 concerning revenue recognition is a major milestone in accounting/reporting in recent years.