IFRS 15 – bank loan installments

This topic has 1 reply, 2 voices, and was last updated 6 years ago by Stephen Widberg.

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March 2, 2020 at 1:46 pm #563728
ikenna24
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do bank loan installments qualify as “performance obligations satisfied over time” or “at a point”?

I would appreciate if you can through some light on this with help of some calculations.

Best regards
March 2, 2020 at 3:14 pm #563748
Stephen Widberg
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Bank recognises revenue over time using amortised cost.

Remember that 99% of IFRS 15 is just saying ‘use the accruals concept’
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