IFRS 15: guides and revenue calculator

Excel model

Each workbook comes filled in with a worked example, so you can see how it works before replacing the figures with your own. Cells to edit are marked.

• Revenue allocation calculatorExcel downloadAllocate a contract price across obligations, estimate variable consideration, measure progress on long contracts and build the monthly revenue schedule. IFRS 15 and ASC 606.

10 guides

• IFRS 15 revenue from contracts with customers explained3 minute readIFRS 15 explained: the core principle, the five steps, what is in scope, contract assets and liabilities, and what companies disclose, with a worked example.
• The IFRS 15 five-step model with examples3 minute readThe IFRS 15 five-step model applied to a phone bundle: the contract, the obligations, the price, its allocation and revenue, with journal entries.
• Identifying performance obligations under IFRS 153 minute readHow to identify performance obligations under IFRS 15: the two tests for a distinct good or service, the series rule, warranties and options, with an example.
• Variable consideration and the constraint under IFRS 153 minute readHow IFRS 15 treats rebates, discounts, bonuses, penalties and returns: the expected value and most likely amount methods, the constraint, and a rebate example.
• Allocating the transaction price using stand-alone selling prices3 minute readHow to allocate a contract price under IFRS 15: estimating stand-alone selling prices, the residual approach, allocating discounts and variable amounts.
• Principal or agent: gross or net revenue under IFRS 153 minute readHow to decide whether you are a principal or an agent under IFRS 15, the control test and its three indicators, and what it does to revenue, with an example.
• Revenue over time or at a point in time under IFRS 154 minute readWhen IFRS 15 revenue is recognised over time or at a point in time: the three criteria, measuring progress and control indicators, with a construction example.
• Contract costs: costs to obtain and fulfil a contract under IFRS 153 minute readWhich contract costs IFRS 15 capitalises: incremental costs of obtaining a contract, such as commissions, and costs to fulfil it, and how they are amortised.
• Licences of intellectual property under IFRS 153 minute readHow IFRS 15 treats licences of intellectual property: right to access or right to use, the activities test, sales-based royalties, and the US GAAP difference.
• Consignment, bill-and-hold and repurchase agreements under IFRS 153 minute readHow IFRS 15 treats consignment stock, bill-and-hold sales and repurchase agreements, with the tests for each and what happens to revenue, with examples.

About these guides

The guides explain the standard in our own words, with our own examples, and point to the paragraphs they rely on. They are general information, not advice for your situation. Read them alongside the standard itself, and check when your regulator adopts it.