On December 4, 2023, Prof. Dr. Pelger welcomed Fabian Grigo (Partner Financial Reporting, Munich) and Mario Braun (Manager Financial Reporting, Stuttgart) from PAS Financial Advisory AG as guest speakers in the Master's course "International Accounting". In their presentation, the two speakers gave the students a practical insight into revenue recognition according to IFRS 15 and the associated industry-specific opportunities and challenges for SMEs.
IFRS 15 was issued by the International Accounting Standards Board (IASB) after a development period of almost 14 years and requires IFRS-adopting companies from January 1, 2018, to review the revenue recognition from contracts with customers using a five-step model. Mr. Grigo and Mr. Braun used examples of contracts from their day-to-day business to show when and how much revenue should be recognized.