IFRS 15: THE LANDING
Description
From 2018 onwards, IFRS 15 on revenue recognition will be applicable.
The conference addressed the following issues, among others:
- What are the solutions to the practical difficulties of applying the standard: inventory of contracts and identification of performance obligations, valuation of certain transaction components, treatment of transition?
- How to organize and finalize the project from an operational point of view: identification of the types of commercial transactions, inventory of contracts, adaptation of IS, costing of impacts and transition simulations?
Speakers: Arnaud DUBANT, head of the IFRS 15 project for the Zodiac Aerospace Group, shared his operational experience on the subject, while the members of the IFRS unit of Saint-Honoré Partenaires, Anthony Jean-René, senior manager, and Frédéric BURBAND, partner and member of the CNCC's Accounting Studies Commission, presented their feedback.