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Verge(b)_June 2013_IFRS 15

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Verge(b)_June 2013_IFRS 15

Viewing 2 posts - 1 through 2 (of 2 total)
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  • February 28, 2018 at 6:32 pm #439431
    sss111
    Member
    • Topics: 37
    • Replies: 5
    • ☆

    Hi,

    In the calculation for revenue year end 31 March 2012, why do we use n= 2 years and not n=1 year in the discount factor?

    Thank you in advance !

    March 4, 2018 at 8:52 pm #440214
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7172
    • ☆☆☆☆☆

    Hi,

    The contract is due to be completed on 31 March 2014 and 31 March 2012 is two years before that date, hence the two year’s worth of discounting.

    Thanks

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