The ERICA WG has published a new “ERICA series” document: "IFRS 15 - First application impact"

In 2018, the International Accounting Standard IFRS 15 on "Revenues from contracts with customers" came into force. Its impact is analysed based on the 2018 figures. One of the main effects of the standard application is that it can imply changes in the temporal distribution of revenue recognition and its associated costs, which might as well imply an impact in other areas of analysis. The main outcome of the ERICA Series is that the overall impact of the new standard on equity remains limited. At a more detailed country or sector level, the largest equity effects are negative.