Authority · IASB

International Accounting Standards Board

The financial-reporting standards board. Revenue recognition on ageni is modeled against IFRS 15, so a recognized amount traces back to the contract and the performance obligation that produced it.

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What AML reads IASB for.

Each specification below is decomposed into the parts AML actually binds against, and names the model it grounds. Nothing here restates the specification text — IASB publishes that.

Specifications

IFRS 15 — Revenue from Contracts

ifrs-15

IFRS 15 (ASC 606) · grounds the ledger model

Identify the contract step one: the agreement with a customer
Identify obligations step two: the distinct performance promises
Determine and allocate price steps three and four: set and split the transaction price
Recognize revenue step five: recognize as each obligation is satisfied

specification

documented parts

model grounded

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