Already having lengthy discussions with our international professional services clients on this - including those under US GAAP where ASC 606 is converging with this. Not one to leave until late in the day
IFRS 15 will have a wide range of impacts for many businesses, and these need to be taken seriously by the finance director and the board. If you haven’t started your implementation planning yet, your first step is to appoint someone to lead the project. Without ownership, nothing will happen and your shareholders could find themselves out of pocket and asking you some difficult questions.