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hello guys can any one tell me what are the recent changes in p2
and which standard we are suppose to use for dec 2015 exam ias 18 or ifrs 15ias 18 and ias 11 are no longer applicable, they both have been replaced with ifrs 15
is there any difference between ias 18 and ifrs 15 or its just merely a chnge of name
they’re real different, ifrs 15 involves a 5 step model for revenue recognition, identifying the transaction price, performance obligations, stand alone selling price and then splitting the transaction price over the performance obligations, it’s best you read up on it with the open tuition notes
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