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AASB 15 Revenue from Contracts with Customers

What is AASB 15 Revenue from Contracts with Customers?

The Australian adoption of IFRS 15: the five-step revenue model (identify the contract and its performance obligations, determine and allocate the transaction price, recognise revenue as control passes), the rules for variable consideration and its constraint, financing components, contract costs, contract assets and liabilities and the disclosure package, the application guidance for warranties, principal and agent, options, licensing, repurchase, consignment and bill-and-hold arrangements, and the Australian not-for-profit and public sector licensor guidance. It comprises 41 controls organised across 9 domains, and applies in Australia.

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Where AASB 15 Revenue from Contracts with Customers overlaps with the standards you already hold

AASB 15 Revenue from Contracts with Customers vs ISO 27001:2022View comparison →AASB 15 Revenue from Contracts with Customers vs SOC 2View comparison →AASB 15 Revenue from Contracts with Customers vs NIST CSF 2.0View comparison →AASB 15 Revenue from Contracts with Customers vs GDPRView comparison →AASB 15 Revenue from Contracts with Customers vs HIPAAView comparison →AASB 15 Revenue from Contracts with Customers vs PCI DSS 4.0View comparison →

What AASB 15 Revenue from Contracts with Customers means in your sector

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What AASB 15 Revenue from Contracts with Customers means for your job

AASB 15 Revenue from Contracts with Customers for CISOs→AASB 15 Revenue from Contracts with Customers for Compliance Officers→AASB 15 Revenue from Contracts with Customers for Risk Managers→AASB 15 Revenue from Contracts with Customers for IT Directors→AASB 15 Revenue from Contracts with Customers for DPOs→AASB 15 Revenue from Contracts with Customers for Auditors→

Questions people ask about AASB 15 Revenue from Contracts with Customers

What is AASB 15 Revenue from Contracts with Customers?
The Australian adoption of IFRS 15: the five-step revenue model (identify the contract and its performance obligations, determine and allocate the transaction price, recognise revenue as control passes), the rules for variable consideration and its constraint, financing components, contract costs, contract assets and liabilities and the disclosure package, the application guidance for warranties, principal and agent, options, licensing, repurchase, consignment and bill-and-hold arrangements, and the Australian not-for-profit and public sector licensor guidance.
How many controls does AASB 15 Revenue from Contracts with Customers have?
AASB 15 Revenue from Contracts with Customers contains 41 controls organized across 9 domains.
Where does AASB 15 Revenue from Contracts with Customers apply?
AASB 15 Revenue from Contracts with Customers applies in Australia. Organizations operating in or serving customers in this jurisdiction should check whether its requirements reach them.
Which version of AASB 15 Revenue from Contracts with Customers is covered here?
This page covers Compiled AASB 15 Revenue from Contracts with Customers, Compilation No. 8, Authorised Version F2023C00402 registered 3 May 2023 (compilation date 31 December 2022, incorporating amendments to 15 December 2022; applies to annual periods that begin from 1 January 2023 and before 1 July 2026); principal Standard F2015L00115 made 12 December 2014.

Query AASB 15 Revenue from Contracts with Customers programmatically

AASB 15 Revenue from Contracts with Customers, its 41 controls and every mapping into other standards are available over a REST endpoint and an MCP server, so an agent can read them directly. The free tier is 10 calls a day and needs no signup.

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Written and maintained by Gerard Blokdyk, The Art of Service.Last updated .