- This topic has 1 reply, 2 voices, and was last updated 8 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › BPP Q64,66
Hi Just wondering for a contract where the percentage of performance obligations satisfied is measured according to certificates issued by a surveyor.
The certified complete = 40%
When working out recognise profit, It is a loss of 3000. This is then brought in to work out the Asset. Should this be 3000 by 40% or because it’s not a profit just 3000?
Where a loss is forecast, it should be recognised IN FULL as soon as it is anticipated
Have you worked through the course notes on this subject? It’s clearly explained and illustrated in those notes and also in the associated lecture