- This topic has 1 reply, 2 voices, and was last updated 2 weeks, 5 days ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
- June 16, 2020 at 1:03 pm
Are the notes up to date? The current syllabus follows IFRS 15. Are these notes based on 2018 Conceptual framework?
June 16, 2020 at 1:44 pmThanks. Pages 10 and 11 of the notes need to be updated with respect to revenue recognition.
P10: IAS 8 will change to IFRS15
P11: IAS 18 will change to
“IFRS 15 Revenue
A performance obligation is a distinct promise to transfer specific goods or services, distinct from other goods or services.
The point of revenue recognition is the point when performance obligation is satisfied, per each distinctive obligation. This might result in revenue recognition at a point in time or over time.”
At the FA2 level, I don’t think more detail is needed.
Viewing 2 posts - 1 through 2 (of 2 total)
You must be logged in to reply to this topic.