[ACCA_procrastinator]

Thank you! It is much clearer now

[ACCA_procrastinator]

Thank you for clarification!

In question Haverford, we took to PL both the amounts of COS to date and COS to complete in proportion of 40% completion.
While if IFRS 15 refers to the recognition of costs over time, should we only recognise 1900 cost to complete?

[ACCA_procrastinator]

Thank you!

[ACCA_procrastinator]

Hello!

In the revision lecture there was a sentence that we should recognise revenue, costs and profit based on stage of completion.
I couldn`t find anything about such recognition of costs in IFRS. Could you please, advice the point in IFRS?

Regards

[ACCA_procrastinator]

Thank you!

[ACCA_procrastinator]

Thank you!

You explanations always make it so clear!

[ACCA_procrastinator]

Oh,sorry!
it’s september/december 2016 past exam question number 1.

[ACCA_procrastinator]

Thank you,sir!

[ACCA_procrastinator]

Hello sir!

Could you please clarify why the premium is payable in dollars? If so,why do we translate it in euros?

Sorry for taking your time.

[ACCA_procrastinator]

Thank you, sir!

[ACCA_procrastinator]

Thank you,sir!

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