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IFRS 15

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

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November 13, 2016 at 8:56 am #348682
anwaar92
Member
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Hello sir,hope you r well.
When attempting the june 2015,question 1 & 5 they are based on the previous stds of construction contract and revenue so when revising them our answers should different and to be based on the new std right?
November 13, 2016 at 9:47 am #348693
MikeLittle
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- Topics: 27
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Correct, you cannot expect the approved providers to go back each time there is a new standard and revise their answers to meet those new standards
Yes, you must answer any revenue / construction project question applying IFRS 15
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