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IFRS 15

This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.

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November 1, 2015 at 12:01 pm #279914
suhaylah919
Member
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hello,
I have a query on the introduction of IFRS 15 from the September 2015 sitting, it seems to have replaced construction contract on the study guide.
Does it mean that we don’t have to study for it in depth like previously and concentrate on ifrs15 only or?
November 3, 2015 at 9:53 pm #280395
MikeLittle
Keymaster
- Topics: 27
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We still need the examples of how to calculate revenue recognised, costs recognised and thus profits recognised in the “old-fashioned” way but it’s essential that you are up to speed with the 5 steps from IFRS 15
There is a chapter on this in the free course notes
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