As the year is drawing to a close, we are now well 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. After nearly 10 years in the making, are we seeing a significant change in the way companies are recognising revenue under IFRS 15? Or has the impact been limited to a few specific industry sectors, or a few specific types of contracts?
展开▼
