As the designated replacement of IAS 11 and IAS 18, IFRS 15 Revenue from Contracts with Customers will soon become the main revenue recognition standard of International Financial Reporting Standards (“IFRS”). Companies following IFRS in the United Arab Emirates will need to careful consider any implications on current revenue recognition policies prior to the effective date of 1 January 2018 and this publication provides an overview of the key requirements and implementation guidance on IFRS 15.