The document provides guidance on the disclosure requirements under IFRS 15 Revenue from Contracts with Customers. Key points include:
- IFRS 15 introduces more detailed disclosure requirements compared to existing standards, including disaggregation of revenue and information about remaining performance obligations.
- Required disclosures relate to revenue recognition policies, contract balances, performance obligations, significant judgements, and practical expedients used.
- Entities will need to assess whether their systems can capture the necessary information to comply with the new disclosure requirements. Significant changes may be required for many entities.
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Guide to IFRS 15 disclosures for revenue recognition
1. CGU
PROFITORLOSS
LIABILITIESCONSOLIDATION
SIGNIFICANTACQUISITIONCOMPARATIVEPROPERTYASSUMPTIONSEQUITY
CAPITAL
ASSETS
DISCONTINUED OPERATIONS
FAIR VALUE
TRANSACTIONS
CURRENT
CASH EQUIVALENTS
ASSUMPTIONS
BUSINESS COMBINATIONS
DISPOSAL
ASSOCIATE
PRESENTATION
PENSION IFRSPROFIT OR LOSS
CONSOLIDATIONCOST
IMPAIRMENT
L OA N S B O R R O W I N G S
UPDATE
SHARE-BASED PAYMENT PERFORMANCE
ACCOUNTING POLICIES
OFFSETTING
ESTIMATES
PRESENTATION
DISCLOSURES
ANNUAL
NCI
IFRS
PRESENTATION
EPS
FAIR VALUE
REVENUE
LEASES
CASHFLOWS
UNCONSOLIDATEDSTRUCTUREDENTITIES
GOINGCONCERN
FAIR VALUE MEASUREMENT ACCOUNTING POLICIES
CONTINGENCY RELATED PARTY
PROFIT OR LOSS MATERIALITY
JOINT ARRANGEMENTS
GOING CONCERN PERFORMANCE OFFSETTING
ACQUISITIONTAX
COMPARATIVE VALUATION UPDATE
MATE IALITYR
FAIR VALUE
DERIVATIVES
FINANCIAL INSTRUMENTS ACCOUNTING POLICIES
OCI
NOTES
IFRS
PENSION
FAIR PRESENTATION
FINANCIAL POSITION CASH FLOWS
GROUP
STATEMENT
OPERATING SEGMENTS
DISCONTINUED OPERATIONS
SUBSIDIARY
OPERATINGSEGMENTS
BUSINESSCOMBINATIONS
PROVISIONS
TRANSACTIONS
EQUITY
PERFORMANCE
SHARE-BASED PAYMENT
JUDGEMENT
NON-CONTROLLING INTERESTS
ASSETS
INVENTORIES
FINANCIALPOSITION
CARRYING AMOUNT
GOODWILLESTIMATESOFFSETTINGOCI
INTANGIBLE ASSETS
FINANCIALPOSITIONEPSDISCLOSURESPENSIONSHARE-BASEDPAYMENTJOINTARRANGEMENTSHELD-FOR-SALE
IFRS15
IFRS
Guide to
annual financial
statements –
IFRS 15
supplement
November 2015
kpmg.com/ifrs
2. Contents
About this supplement 1
About IFRS 15 2
Statement of financial position 8
Statement of profit or loss and other
comprehensive income 10
Statement of changes in equity 12
Statement of cash flows 14
Revenue 16
Significant accounting policy 16
Nature of goods and services 16
Disaggregation of revenue 20
Contract balances 22
Transaction price allocated to the remaining
performance obligations 24
Operating segments 26
Changes in accounting policies 32
Appendices
I Retrospective application with practical expedients 38
II Retrospective application with the cumulative effect
of initially applying IFRS 15 44
Keeping you informed 58
Acknowledgements 60