IFRS 15 Revenue from Contracts with Customers
GPTKB entity
Statements (35)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:International_Standard
|
| gptkbp:amendedBy |
gptkb:Clarifications_to_IFRS_15_(April_2016)
|
| gptkbp:appliesTo |
contracts with customers
all entities reporting under IFRS |
| gptkbp:excludes |
financial instruments
non-monetary exchanges between entities in the same line of business insurance contracts lease contracts |
| gptkbp:goal |
establish principles for reporting useful information about revenue from contracts with customers
|
| https://www.w3.org/2000/01/rdf-schema#label |
IFRS 15 Revenue from Contracts with Customers
|
| gptkbp:issuedBy |
gptkb:International_Accounting_Standards_Board
|
| gptkbp:language |
English
|
| gptkbp:numberOfStages |
identify the contract with a customer
|
| gptkbp:officialWebsite |
https://www.ifrs.org/issued-standards/list-of-standards/ifrs-15-revenue-from-contracts-with-customers/
|
| gptkbp:principle |
recognize revenue to depict transfer of promised goods or services to customers
amount reflects consideration to which entity expects to be entitled |
| gptkbp:publishedIn |
May 2014
|
| gptkbp:relatedStandard |
gptkb:ASC_606_Revenue_from_Contracts_with_Customers
|
| gptkbp:replacedBy |
gptkb:IAS_11_Construction_Contracts
gptkb:IAS_18_Revenue gptkb:IFRIC_13_Customer_Loyalty_Programmes gptkb:IFRIC_15_Agreements_for_the_Construction_of_Real_Estate gptkb:IFRIC_18_Transfers_of_Assets_from_Customers gptkb:SIC-31_Revenue—Barter_Transactions_Involving_Advertising_Services |
| gptkbp:requiresDisclosureOf |
contract balances
performance obligations significant judgments disaggregation of revenue |
| gptkbp:startDate |
1 January 2018
|
| gptkbp:step |
determine the transaction price
allocate the transaction price to the performance obligations recognize revenue when (or as) the entity satisfies a performance obligation identify the performance obligations in the contract |
| gptkbp:bfsParent |
gptkb:IFRS
|
| gptkbp:bfsLayer |
5
|