Revenue – ifrs 15 handbook

11 Presentation 
299
11.1 Statement of financial position 
299
11.2 Statements of profit or loss and cash flows 312
12 Disclosure 
316
12.1 Annual disclosure 
316
12.2 Interim disclosures 
325
13 Effective date and transition 
326
13.1 Transition 
326
13.2 Retrospective method 
328
13.3 Cumulative effect method 
337
13.4 Consequential amendments to other IFRS 
requirements
341
13.5 First-time adoption 
342
Guidance referenced 
344
Detailed contents 
345
Index of examples 
348
Index of KPMG insights 
355
About this publication
363
Keeping in touch 
364
Acknowledgments
366

---

© 2019 KPMG IFRG Limited, a UK company, limited by guarantee. All rights reserved.
Facing new challenges
Reporting revenue under IFRS 15 is now one of the ordinary activities of companies 
in the 100+ countries that use IFRS Standards. So this feels like the right time to 
take stock – to pull together, in one place, what we have learned about this new 
world of revenue recognition.
Over the past five years, we – like you – have wrestled with the many challenges of 
implementing IFRS 15. In doing so, we have gained extensive insight and hands-
on experience across different industries and geographies. And we are delighted 
to share our experience with you in our 
IFRS 15 handbook: Revenue
. It provides 
detailed guidance, illustrative examples and extensive discussion of the areas that 
companies have found most complex. 
Looking forward, as your business grows and evolves – whether by developing 
new products and services, embedding technological innovations or buying new 
businesses – we hope this handbook will be your go-to resource as you apply 
IFRS 15 to new facts and circumstances. 
Prabhakar Kalavacherla (PK) 
Brian O’Donovan 
Anne Schurbohm 
Kim Heng