IFRS in Practice: IFRS 15 Revenue from Contracts with Customers: Transition
01 August 2016
For all entities applying IFRS, IFRS 15 Revenue from Contracts with Customers comes into effect for annual reporting periods beginning on or after 1 January 2018. Earlier application is permitted. This means for those entities applying the full retrospective transition method with 31 December year end, the transition date is 1 January 2017.