IFRS 15 impacts for TMT

IFRS 15 impacts for technology, media and telecommunications (TMT) companies

Entities in the technology, media and telecommunications (TMT) industries include a wide variety of companies that provide a large range of goods and services to customers. The new revenue standard, IFRS 15 Revenue from Contracts with Customers, applicable for annual periods beginning on or after 1 January 2018, is likely to result in changes in the timing of revenue recognition for many TMT entities, particularly where multiple services are provided to customers.