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IFRS 15

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

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by AvatarP2-D2.
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  • April 5, 2016 at 4:11 pm #309081
    Avatardookhan12
    Member
    • Topics: 76
    • Replies: 61
    • ☆☆

    With regards to IFRS 15, can we be examined on the are of contract modifications?
    I’m only seeing the following requirement in the syllabus:
    (1) Discuss and apply the criteria that must be met before an entity can applu the revenue recognition model to that contract.
    (2) Discuss and apply the five-step model which related to revenue earned from a contract with a customer.

    Thanks!

    April 5, 2016 at 5:53 pm #309094
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    Hi,

    The whole of IFRS 15 is examinable so could include contract modifications but I’d just focus on the basics of the standard.

    Thanks

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