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Hi Mike,
Hope youre doing well.
I would like to ask if a question comes regarding construction contract,so will we use IAS 11 or IFRS 15? as i’m a bit confused if IFRS 15 has overtaken IAS 11, because the principles are same but which standard should we refer to in the exam?
Regards,
FurqanIAS 11 no longer exists! If you use IAS 11 you’ll be showing that you’re behind the times
IFRS 15 all the way from now until eternity … or until it gets removed, whichever is earlier
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