IFRS 15: A progress report
Danielle Stewart discusses some of the issues experienced by those already implementing this standard (January 2018)
The first category, which applies to the majority of businesses, is those who do not have any measurement changes arising from the standard. These are typically suppliers of goods who do not have much process involved in creating their sales output. For these businesses, the main implications are a rewording of their revenue recognition accounting policies and much more extensive disclosures in their financial statements. If you fall into this category, IFRS 15 should not worry you at all.
The second category applies mainly to businesses that supply goods with associated services, or entities which have a complex service delivery method.