Contract-level judgement memos, allocation workings and disclosure your auditor can follow without asking twice.
IFRS 15 itself hasn’t changed. It took effect for annual reporting periods beginning on or after 1 January 2018, and the Post-implementation Review closed in 2024 with no active amendment project. For a full view of what has moved across the standards this year, see our roundup of IFRS standards effective 2026.
What’s changed is the contracts. Subscription pricing, bundled services, usage-based fees and multi-year prepayments have spread into businesses that had none of them in 2018.
So the policy written at adoption now describes a business that no longer exists. That gap is what auditors find.
What teams need: a judgement file that answers the question before it's asked.
How Prima solves it: we write a memo per judgement area, referenced to the contract clauses that drive it.
What teams need: the policy retested against what the business actually sells now.
How Prima solves it: we inventory current contract types and re-run the five steps on each one.
What teams need: modification accounting that reflects what actually changed.
How Prima solves it: we test whether added goods are distinct and priced at stand-alone value, then apply the right treatment.
How Prima solves it: we assess the timing gap, derive the rate, using the same IFRS 13 fair value measurement discipline we apply elsewhere, or document why the practical expedient applies.
What teams need: a principal versus agent conclusion that survives review.
How Prima solves it: we analyse control, inventory risk and pricing discretion, then document the conclusion.
This one moves the top line, so it draws attention from auditors and investors alike.
What teams need: disaggregation that reflects how the business earns revenue today.
How Prima solves it: we rebuild the disaggregation categories from the contract inventory and redraft the note.
Three tracks. Track A builds the analysis. Track B prepares for audit. Track C runs it for you.
| Service | What it means for your reporting |
|---|---|
| Contract review and inventory | Every contract type identified, with performance obligations and their satisfaction pattern recorded in one register. |
| Judgement memos | Written analysis on principal versus agent, financing components, modifications and variable consideration, referenced to contract clauses. |
| Allocation workings | Stand-alone selling prices established and the allocation shown, so the split is evidenced rather than assumed. |
| Revenue policy drafting | A policy that matches what the business sells now, not what it sold at adoption. |
| Disclosure drafting | Disaggregation, contract balances and remaining performance obligations, rebuilt from the contract inventory. |
| Service | What it means for your reporting |
|---|---|
| IFRS 15 audit preparation | The file assembled before fieldwork: contract sample, judgement memos, allocation workings and the disclosure trail. |
| Audit procedure response | Technical responses to the specific procedures auditors run on revenue, including cut-off, sampling and estimate challenges. |
| Revenue recognition review | An independent read of your current treatment before your auditor forms a view. |
| Internal control assessment | Controls over contract capture and revenue recognition tested and gaps named. |
| Due diligence support | Target revenue policies reviewed pre-transaction, so a recognition problem is priced rather than inherited. |
Building your own file first? Our IFRS 15 compliance checklist covers the same ground at policy level.
| Service | What it means for your reporting |
|---|---|
| Contract-by-contract assessment | New contract types assessed as they arise, so the register stays current between year ends. |
| Managed revenue accounting | The recognition workflow run as a service, converting fixed finance headcount into variable spend. |
| Finance team training | Practical sessions on the judgement areas, so the second cycle runs in-house. |
Track C exists because one query in the data asks for exactly this: converting fixed back-office cost to variable spend while keeping revenue recognition accurate.
Five stages, and none of them is the standard's five-step model. This is how the engagement runs.
| Step 1: Inventory |
We collect every contract type currently in use and group them by revenue pattern. | OUTPUT: Contract inventory with counts and values by type. |
| >>> | ||
| Step 2: Assess |
We apply the five-step model to each type and identify where judgement is required. | OUTPUT: Performance obligation register and judgement list. |
| >>> | ||
| Step 3: Document |
We write the memo for each judgement, referenced to contract clauses. | OUTPUT: Judgement memos and allocation workings. |
| >>> | ||
| Step 4: Disclose |
We rebuild disaggregation and draft the note from the inventory. | OUTPUT: Disclosure draft with supporting schedules. |
| >>> | ||
| Step 5: Defend |
We assemble the audit file and stay available through fieldwork. | OUTPUT: Audit response file and issue log. |
Licence versus service, and whether a licence is right-to-use or right-to-access.
Content licensing windows and variable consideration tied to usage.
Bundled handset and airtime allocation, and the stand-alone selling price of each element.
Over-time measurement on time-and-materials versus fixed-fee, and unbilled revenue.
Consignment stock, customer acceptance and bundled maintenance.
Over-time recognition, measure of progress, and financing components on advance payments. See our guide to construction revenue under IFRS 15.
Sales-based royalties and the point at which upfront fees are recognised.
Bill-and-hold, shipping terms, and whether freight is a separate obligation.
Prima Consulting holds ISO 27001 certification for information security, covering how client data is handled across every engagement, including content projects that touch confidential financial information.
Revenue is the first line of the income statement and the first thing an auditor tests. A judgement nobody documented becomes an audit finding, and an audit finding on revenue rarely stays contained to one contract.
The principal versus agent conclusion carries the sharpest exposure. Getting it wrong doesn’t change profit, it changes the top line, and a restated revenue figure is read by investors as something worse than a technical error.
There’s a slower cost too. Where the policy was written in 2018 and never revisited, new contract types get forced into old categories, and the disclosure drifts further from the business every year.
Five working days gives you a written view of which judgements would be challenged and what each one needs. Send two or three representative contracts and last year's disclosure.
Prima Consulting delivers actuarial valuations, IFRS reporting and risk modeling, and builds software for the same standards. Work covers IFRS 2, 3, 9, 13, 15, 16, 17 and 18, plus IAS 19 and IAS 36.
Al Khobar in Saudi Arabia, Dubai, Karachi, Dublin and Aachen.
No. Those are unrelated firms with similar names. Prima Consulting operates from Al Khobar, Dubai, Karachi, Dublin and Aachen.
IFRS 2, 3, 9, 13, 15, 16, 17 and 18, along with IAS 19 and IAS 36. Each has its own service page, and several have dedicated software.
Banking, insurance, manufacturing, energy, telecom, healthcare and government.
Yes. The Al Khobar office runs IAS 19 valuations, insurance reserving and appointed actuary work across the Kingdom.
Prima Consulting has operated from Karachi for over a decade, working with listed insurers, banks and manufacturers on IAS 19 and IFRS 17.
Yes. ESG reporting and disclosure, due diligence, sustainability strategy and climate risk modeling, delivered from the Dubai office across the UAE and wider GCC.
Look for a team that has built ECL models, not only reviewed them, and that can defend staging and PD assumptions to an external auditor. Prima builds, validates and ships ECL software.
IFRS 17 work needs qualified actuaries rather than accounting generalists. Prima runs transition, measurement and reserving engagements, and provides Delta and Aegis for insurers running it in house.
Through IFRS Tech: Rust and ARK 9 for IFRS 9, Delta for IFRS 17, Aegis for insurance reserving, ROU 360 for IFRS 16, and the IAS 19 valuation tool for EOSB and gratuity. The range is extending across wider financial and risk workflows.
Both. The same team builds the models and the products, so a client can start with an engagement and move to software later.
Most valuations complete in seven to fourteen working days, depending on how complete and clean the employee data is.
Yes. Valuations and models are delivered with the assumptions, methodology and supporting file an auditor asks for, and we answer auditor queries directly.
Scope depends on the standard, the number of entities, data condition and reporting deadline. We quote after a short scoping call, once we have seen what the data looks like.
Content marketing is the practice of creating and publishing content, such as articles, guides, and service pages, to attract and inform a specific audience. For financial and risk management firms, it means explaining technical topics like IFRS 9 or actuarial valuation in a way that builds trust with the people searching for that expertise.
Look for a content marketing consultancy that understands your regulatory environment, not just general SEO. Prima Consulting works as one of the content marketing partners in UAE for financial, actuarial, and risk management firms, with technical review built into the process rather than added afterward.
Yes. Content marketing Pakistan engagements follow the same process as our KSA and UAE work, adjusted for SECP requirements, local currency, and market-specific examples rather than reusing GCC content with the country name swapped in.
B2B content marketing targets businesses rather than individual consumers, using formats like case studies, technical guides, and comparison pages. For an advisory firm, that usually means content addressing a CFO's or auditor's specific compliance question rather than broad brand messaging.
Most clients see initial ranking movement within 60 to 90 days for lower-competition terms, with stronger results building over six to twelve months as topical authority builds. Regulatory and compliance content in the GCC region can move faster when there's a genuine content gap, as the current page's position-40 stall shows.
A typical engagement includes strategy and keyword research, SEO and AEO content writing, technical review by subject-matter specialists, distribution support, and monthly performance reporting. Scope is adjusted based on how many markets and content types you need.
Most service pages and guides run 1,000 to 2,500 words, long enough to cover a topic completely without padding. Pillar content and comparison guides can run longer when the topic genuinely needs it; we don't pad word count to hit a target.
Every piece is written from scratch and checked against plagiarism-detection tools before delivery. You get a review round before anything publishes, and reasonable revisions are included rather than billed separately.
SEO is the technical and structural work that helps search engines find and rank a page. Content marketing is what fills that structure with material worth ranking. The two work together: strong content with weak SEO structure still won't rank, and strong SEO around thin content won't hold a position long.
Yes, when content is structured for it. AI search tools favor content with direct definitions, clear headings, and self-contained sections that answer one question fully. Prima builds every page with that structure, alongside FAQ schema markup that AI systems can extract directly.
Yes. Regulatory references, currency, and market examples differ across the three markets, so a single geo-neutral page underperforms in all of them. Prima builds separate content tracks per market rather than one blended version.
It works especially well, because buyers in regulated industries research more heavily before contacting a provider. Content that demonstrates technical accuracy on IFRS 17 or IFRS 9 builds the kind of trust a generic landing page can't.
A single content marketing consultant works for smaller, narrowly scoped projects. A full content marketing consultancy makes more sense once you need technical review, multi-market targeting, and ongoing distribution, which is why Prima structures engagements as a team rather than one freelance writer.
Content passes through Prima's own advisory and actuarial teams for technical review before publishing, including Ibrahim Ahmed Zahidie on IFRS advisory content and Shabih Ahmed Arif on actuarial content. Writers draft; specialists verify.
Prima uses Google Search Console data, structured keyword research, and AI-search testing across ChatGPT, Perplexity, and Google AI Overviews to track visibility. Reporting is delivered monthly rather than through a self-serve dashboard.
Book a free assessment. Prima reviews your current site and search performance and shows you the specific gaps before any commitment is made.
A digital strategy sets the plan. These are the teams that execute it, all under one roof at Prima:
A slow or confusing interface costs conversions every day it stays live. Prima Consulting's UI/UX design team researches, tests and builds interfaces around the users you actually have, in the markets you actually operate in.
30-minute call. No obligation. Scoped to your firm.
Ready to elevate your business with Prima Consulting? Fill out the form below to discuss your needs with our experts and discover how we can help you achieve your business goals.
We Schedule a call at your convenience
We do a discovery and consulting meeting
We prepare a proposal
