Aircraft engine maker Rolls-Royce currently seems to be the prime example of how the new revenue recognition standard might affect reporting practice of specific industries, especially if the business model does not fully align with how the standard defines contracts and performance obligtions (see also this interesting article in the WSJ). A reporting impact of more than $900 million for last year's reported revenue suggests quite a shift in the distribution of revenue over time.
Are you aware of any other interesting cases regarding the potential implications of IFRS 15? In the Rolls-Royce example, analysts seem to welcome the reporting changes as the "new standard provides investors with more clarity" (see WSJ article).
Also, it seems that the new standard calls for a comprehensive and structured contract management system in place. But what if this is not the case? Will IFRS 15 not only have reporting implications, but actual implications on how companies run their business? What are your thoughts on this?