Dissenting Opinion from Clarifications to IFRS 15 Revenue from Contracts with Customers as issued in April 2016
DO1 Mr Ochi voted against the publication of Clarifications to IFRS 15 Revenue from Contracts with Customers. He agrees with all of the clarifying amendments to IFRS 15 and the additional transition reliefs. However, he disagrees with the IASB's decision to require entities to apply Clarifications to IFRS 15 retrospectively as if those amendments had been included in IFRS 15 at the date of initial application.
DO2 Referring to the IASB's considerations explained in paragraph BC445T, he thinks that requiring an entity that has applied IFRS 15 before applying these amendments to restate the effects of initially applying IFRS 15 for the effects, if any, of initially applying the amendments is inconsistent with allowing early application of IFRS 15. That entity might be required to restate some contracts twice, first on initially applying IFRS 15 and again on initial application
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