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IFRS 15 – Example 3 on lecture 2 (29 min video)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 15 – Example 3 on lecture 2 (29 min video)

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.
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  • September 19, 2020 at 11:56 am #586158
    manishatai
    Member
    • Topics: 35
    • Replies: 21
    • ☆☆

    Hi,

    I am struggling with example 3 on revenue recognition to do with Telephonica.

    I am happy that the handset and data in total for a competitor is £720. (Handset is £480 and charges are £240).

    Telephonica are charging £45 per month so in total £540.

    When we allocate the price why don’t we do:
    Handset : £480/720 * 540 = £360
    Data : 240/720 * 540 = £180

    Thank you
    M

    September 20, 2020 at 11:31 am #586240
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3396
    • ☆☆☆☆☆

    I’ve just looked at the solution to the example in the current notes. We do 360 and 180 which is what you are saying.

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