Download Guide on IFRS 15 Revenue from contract with customers as at 2025

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Note: All the materials in this blog post have been made available to the public for free download by the respective sources. They are compiled here for ease of access to you.

IFRS 15 Revenue from Contracts with Customers was issued by the International Accounting Standards Board (IASB) in 2014 and became effective in 2018. IFRS 15 requires businesses to recognize revenue when the performance obligation(s) in the contract are satisfied.

IFRS 15 provides a five-step process for identifying and measuring revenue:

Identify the contract(s) with a customer.
Identify the separate performance obligations in the contract.
Determine the transaction price.
Allocate the transaction price to the performance obligations.
Recognize revenue when each performance obligation is satisfied.

It also provides guidance on a number of other topics, such as variable consideration, contract modifications, and multiple element arrangements.

This blog post compiles for you guidance made available by the Big 4 and other Audit firms to help you with the learning and understanding of IFRS 15 Revenue from contract with customers.

Fun facts:
The word "revenue" comes from the Latin word "revenire," which means "to come back."
The first company to adopt IFRS 15 was Apple Inc., which adopted it in 2018.
The most valuable revenue stream in the world is the advertising market.
The IASB spent over 5 years developing IFRS 15, and it is one of the most complex accounting standards ever issued.
IFRS 15 replaced two standards (IAS 11 and IAS 18) and four interpretations (IFRIC 13, IFRIC 15, IFRIC 18 and SIC 31).
IFRS 15 has been translated into over 30 languages, and it is used by businesses in over 140 countries around the world.

The below resources (PDF, videos and eLearns) provide comprehensive coverage of IFRS 15 Revenue from contract with customers, including its key requirements and practical guidance. Whether you are new to IFRS 15 or need a refresher, these resources will be helpful.

IFRS 15 Revenue from contract with customers practical guide:

Pdf

Source: Deloitte

Deloitte Revenue from contract with customers - IFRS 15 Pdf

Source: KPMG

KPMG Revenue from contract with customers - IFRS 15 Pdf

Source: EY

EY Revenue from contract with customers - IFRS 15 Pdf

Source: PwC (IFRS and US GAAP)

PwC Revenue from contract with customers - IFRS 15 Pdf

Source: BDO

BDO Revenue from contract with customers - IFRS 15 Pdf