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July 29, 2019 at 2:18 am
would like to know why there is no practice question for this chapter 16? on going forwrd up to chapter 18 , and chapter 21?
are these chapters not examinable on FR papers and carried to SBR?
December 27, 2019 at 12:13 pm
Yes, they all are examinable, especially IFRS 15 (Revenue from contracts with customers), arguably the most important paper in ACCA, in the Strategic Business Reporting paper (SBR).
December 27, 2019 at 12:14 pm
Get a Revision kit from either publisher, BPP or Kaplan, they will have practice questions for all the chapters.
November 10, 2018 at 4:47 pm
is construction contract not part of the syllabus
December 31, 2018 at 3:00 pm
IAS 11 is now included with IFRS 15, so there is no separate standard for construction contracts. They now fall under the scenario where the performance obligation is satisfied over time.
August 23, 2018 at 7:53 am
Can you please explain this ? A company has year end on 31 Dec 20×1. On mid year(July 20×1) it signed contract to provide with an asset and control over it at the year end,however the payment has to be made next year only . This doesn’t qualify for contract.Why?
December 31, 2018 at 2:59 pm
Why would it not qualify? There is a contract between the parties, however it might be that revenue cannot yet be recognised given the terms of the contract and whether the goods have been transferred or the services provided. I’d need more information from the question that you are referring to.
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