Revenue Recognition – ACCA (SBR) lectures
Reader Interactions
Comments
Leave a Reply
You must be logged in to post a comment.
Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
20% off ACCA & CIMA Books
OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>
Great video and explanations!
Nicely explained. thank you!
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.
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!?
Thank u