IFRS 15 REVENUE

Why you need to work with BDO on IFRS 15 Revenue from Contracts with Customers

Failing to implement IFRS 15 adequately may result in profit warnings, delays in lodging financial statements, qualified audit reports, a loss of investor confidence and sharp falls in share prices. 

IFRS 15 may also cause material changes to amounts reported in financial statements with knock-on effects on bonuses or earn-outs linked to revenue or profit, higher finance charges where interest rate margins are linked to key ratios, and breaches of bank covenants. Companies may need to urgently review and change their standard contract terms.

Our expert team will carry out a robust and independent impact assessment of all the possible effects of IFRS 15 on your business. We want you to be confident you are taking all the necessary steps and that your business is ready for IFRS 15.

Our expert team can also provide advice and guidance on any aspects of IFRS 15 that may be of particular concern. Please get in touch to discuss how we can help.

The following guides and publications provide useful information and advice on IFRS 15 and its key features:

IFRS 15 at a glance

IFRS 15 in practice - 2018

IFRS15 Revenue from contracts Transition