IFRS 15: what new direction should your revenue take?

Description

The new IFRS 15 standard applicable in 2018 significantly reforms revenue recognition. These changes are already affecting a wide range of business sectors,

On November 9, 2016, Saint-Honoré Partners hosted a conference that addressed the practical questions posed by this new standard including:

What methodology to adopt to analyze and break down customer contracts between different goods, services, rights and licenses (as well as gift cards, loyalty points and vouchers),
How to evaluate the amount to be allocated to the different components of the contract and when to account for them?
What are the new rules for determining advancement?
How to analyze licenses and services in the software industry (Saas, Cloud, etc.)?

Speakers: Arnault DUMONT-LAURET, CFO of the Cabin branch of Zodiac Aerospace brought his operational view 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 Accounting Studies Commission of the CNCC (French Accounting Standards Board), developed the technical aspects.