[zainmansoor6]

ok.Thanks

[zainmansoor6]

and part c also

[zainmansoor6]

part (e) and part (f) does not include in the course notes provded at opentution F7

[zainmansoor6]

But in study notes the chapter 13 named calculation of construction contract profit what is link of this topic with IFRS 15 as IAS 11 construction contract has not excluded.?
I have read the article from ACCA’s tecnical articles.

IFRS 15 replaces the following standards and interpretations:

IAS 11, Construction Contracts
IAS 18, Revenue
IFRIC 13, Customer Loyalty Programmes
IFRIC 15, Agreements for the Construction of Real Estate
IFRIC 18, Transfer of Assets from Customers
SIC-31, Revenue – Barter Transactions Involving Advertising Services

“One effect of this for the ACCA exams is that CONSTRUCTION CONTRACT are no longer an excluded topic in P2.”

and one more query that IFRS 15 also provides guidance to assist entities in applying the model to lisences,warranties,rights of return,pricipal versus agent consideration.

Please tell me that whether this smaller topic also be examinable under IFRS 15 in F7 exam.

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