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IFRS 15

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IFRS 15

  • This topic has 2 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
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  • December 5, 2015 at 7:30 pm #287981
    masdox
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    if in the revenue inclued a revenue 5m of sales but the customar will satified after 3 years.in this what will be calculation for it?

    December 5, 2015 at 8:36 pm #288032
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23347
    • ☆☆☆☆☆

    Revenue will be recorded at the sale price discounted by three years and then, each year, unrolled. The discount by which it is unrolled will be recorded as finance income

    December 6, 2015 at 2:59 pm #288223
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23347
    • ☆☆☆☆☆

    Yes, that’s what you will need to do

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