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IFRS 15 cont

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

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March 6, 2017 at 9:21 am #375905
acca9
Member
- Topics: 68
- Replies: 50
According to what you haven answered previously, then really nothing should be recognize as revenue because the performance obligations haven’t happened yet!
So only the 27 mil should be included?? I dont understand why the rules have seemingly changed!
March 6, 2017 at 10:53 am #375930
MikeLittle
Keymaster
- Topics: 27
- Replies: 23359
Are you sure that you’re reading the answer correctly?
I make it 27,000,000 MINUS the deferred income of 2,080,000 giving us a revenue recognized amount of 24,920,000
If that’s not correct … well, it must be correct if you have given me correct information!
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