ACCA – KAPLAN 4 STEP APPRAOCH TO REVENUE RECOGNITIONS

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February 18, 2023 at 8:45 pm #679122
AsadSardar
Participant
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Hello,

I studied from the study text and there was this 4 step approach to recognize revenue. But the Bpp learning material and open tuition both doesn’t have the same thing, I’m trying to solve extra kits from BPP but the appoach is not helping. please help guidning what to do as it’s creating confusion.
February 26, 2023 at 8:00 pm #679653
P2-D2
Keymaster
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Hi,

IFRS 15 says that there is a five step approach so I’m going to stick with that for now.

Thanks
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