Revenue – ifrs 15 handbook

13.3 Cumulative effect method
Dual reporting still required ........................................................................................................................................... 340
Cumulative effect method reduces comparability ......................................................................................................... 340
Choosing to apply the cumulative effect method to all contracts may improve comparability ....................................... 340
Contract modification practical expedient simplifies implementation but reduces comparability .................................. 341
13.4 Consequential amendments to other IFRS requirements
13.5 First-time adoption

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© 2019 KPMG IFRG Limited, a UK company, limited by guarantee. All rights reserved.
About this publication 
Content 
Our 
IFRS handbooks 
are prepared to address practical application issues that an 
entity may encounter when applying a specific standard or interpretation. They 
include discussion of the key requirements, guidance and examples to elaborate 
or clarify the practical application issues of the requirements. This edition of 
IFRS 
handbook 
provides a comprehensive analysis of IFRS 15 
Revenue from Contracts 
with Customers 
and addresses practical application issues that KPMG member 
firms have encountered. It includes extensive interpretative guidance and 
illustrative examples. 
This handbook reflects standards in issue at 1 June 2019 that are effective for 
annual periods beginning on or after 1 January 2019. This handbook focuses on the 
requirements of IFRS 15 and its interaction with other standards, though it does not 
provide a comprehensive analysis of the requirements of the other standards and 
interpretations to which it refers. Further discussion and analysis of these standards 
and interpretations is included in our publication 
Insights into IFRS
.
In many cases, further analysis and interpretation may be needed for an entity to 
apply the requirements to its own facts, circumstances and individual transactions. 
Furthermore, some of our observations may change and new observations will 
be made as issues arise from the implementation of the new guidance and as 
practice develops.
IFRS and its interpretation change over time. Accordingly, neither this handbook 
nor any of our other publications should be used as a substitute for referring to the 
standards and interpretations themselves.
About this publication | 363

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© 2019 KPMG IFRG Limited, a UK company, limited by guarantee. All rights reserved.