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IFRS 15: 3 Perfromance Obligations

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IFRS 15: 3 Perfromance Obligations

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  • September 16, 2019 at 5:57 pm #546292
    johnmn1234
    Member
    • Topics: 17
    • Replies: 4
    • ☆

    Dear Sir,
    If there are 3 Performance Obligations, does the way we recognise revenue according to IFRS 15 change?

    Thanks

    September 18, 2019 at 7:25 pm #546648
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi,

    No, the revenue is still recognised in the same fashion. So you would need to look at each performance obligation and allocate a value to it ans then look at how it is then recognised, i.e. either at a point in time or over time.

    Thanks

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