31 December 2020

11 - Revenue from contracts with customers (IFRS 15)

This chapter provides guidance on IFRS 15 which is effective for annual reporting periods beginning on or after 1 January 2018.

31 December 2020

23 - Revenue

Revenue is the top line in the statement of comprehensive income (or income statement where the two-statement approach is adopted) and is often used as a measure of the size (and so growth) of an entity. It is the key variable in a number of calculations and ratios that management and others might consider to be important indicators of the entity's financial performance. Not surprisingly, it is often viewed as the single most important item in the financial statements.

01 October 2020

IFRS 15 - Revenue from contracts with customers

In April 2001 the International Accounting Standards Board (IASB) adopted IAS 11 Construction Contracts and IAS 18 Revenue, both of which had originally been issued by the International Accounting Standards Committee (IASC) in December 1993. IAS 18 r

PwC IFRS talks Episode 92: IFRS 15, over time revenue contracts

Katie Woods explains the judgements involved in accounting for revenue contracts over time in the scope of IFRS 15. How to measure progress; contract modifications, variable pricing and more.

PwC IFRS Talks Episode 5: IFRS 15, Revenue

Tony Debell, PwC IFRS Revenue Leader, helps us get to grips with the 5 step model in IFRS 15, the new revenue standard.

06 March 2018

Revenue from contracts with customers (with industry supplements): PwC In depth INT2014-02

This publication summarises the new revenue recognition model. The boards have established a joint Transition Resource Group (TRG) to aid entities transitioning to the new standard. We encourage entities to use this document as a guideline and monito