IFRS 15

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April 5, 2016 at 4:11 pm #309081
dookhan12
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With regards to IFRS 15, can we be examined on the are of contract modifications?
I’m only seeing the following requirement in the syllabus:
(1) Discuss and apply the criteria that must be met before an entity can applu the revenue recognition model to that contract.
(2) Discuss and apply the five-step model which related to revenue earned from a contract with a customer.

Thanks!
April 5, 2016 at 5:53 pm #309094
P2-D2
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Hi,

The whole of IFRS 15 is examinable so could include contract modifications but I’d just focus on the basics of the standard.

Thanks
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