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contract modification

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › contract modification

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.
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  • August 23, 2021 at 3:48 pm #632633
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    sir i do understand that when scope of contract increases by less/more than standalone selling price then an existing contract should be terminated and new created

    and fro seperate contract, contract price increases by standalone selling price.

    my doubt: in both cases there should be distinct performance obligations(possibly same goods supplied pre and post transfer) OR totally “dissimilar” goods/services? what is it that we need to check during contract modification?

    August 24, 2021 at 3:24 pm #632764
    Stephen Widberg
    Keymaster
    • Topics: 12
    • Replies: 2840
    • ☆☆☆☆☆

    I’m afraid I don’t understand your question. I assume you are looking at a past exam question, but I’m not sure which one. Please rephrase the question in simple terms (as if you were writing in the exam).

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