Lesson · IFRS 15
Contract costs: obtaining and fulfilling
Identify incremental costs of obtaining a contract that are recognised as an asset under IFRS 15.91.
10 minutes Standard as at 13 October 2026
What you will be able to do
- Identify incremental costs of obtaining a contract that are recognised as an asset under IFRS 15.91
- Test costs to fulfil a contract against the three criteria in IFRS 15.95
- Amortise contract cost assets on a basis consistent with the transfer of the related goods or services
- Apply the practical expedient for contracts with an amortisation period of one year or less
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IFRS and SAM, one requirement at a time
Each week you get the Institute's new articles: one requirement of IFRS 17, IFRS 9, IFRS 15, IFRS 18 or SAM, worked on a South African case. You start with the free IFRS 18 readiness checklist, ten areas to work through before IFRS 18 takes effect, each with its paragraph reference.