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June 23, 2022 at 8:55 am
Nicely explained. thank you!
April 28, 2022 at 2:51 pm
I have a question on the Credit Period and Receivable in Example 1. Is it practical that customer takes the Car and doesn’t pay anything for 3 years? Wouldn’t he require to pay monthly or yearly instalments or a down payment? Thus accordingly the receivable and revenue be recognized as the interest / finance amount will change.
June 20, 2021 at 4:37 pm
Great video but I suspect that in the model answer for ‘Example 4 – IFRS 15 (2)’ it should read Contract Liability (as you emphasised in the lecture) rather than Deferred Income!?
April 21, 2021 at 10:45 am
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