Revenue – Example 6 (loss making contracts) – ACCA Financial Reporting (FR)

Comments

1. vanhung89vt says

   December 6, 2020 at 10:45 pm

   Dear Sir,
   Thanks for your lecture. I have the same issue with the above students. I don’t understand why you get 100% loss (5) then get cost -23. Please help us clarify.
   Thanks,
   Hung

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2. abd1999 says

   September 8, 2020 at 1:57 pm

   I don’t get how we can have our costs incurred to date as 23m as it is already given to us as 25m. Shouldn’t we add the the costs as 25m and then balance off to get the Revenue, which will then be 20m instead of the current 18m

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   • foriwaah says

     October 17, 2020 at 8:56 am

     yes this is very strange

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