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Hello!
I have been just preparing to take F7, but decided to watch lecture from P2 about IFRS 15. Thank you very much for your work!
Can I ask you about transaction price? In your example you had second company Vodaphone and used it in order to determine the transaction price and allocate transaction price to performance obligation. Is it also common in real exam questions? And what about real life? What should I do in real situation? To look forr similar contracts on other companies?Looking forward your reply!
Thanks!Hi,
Thanks for the kind words and glad you find the stuff useful.
In the real world you would just look at what you as a company would do it you sold the items separately to get the prices. In the exam you would be given the information to use.
Thanks and good luck!
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