20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

IFRS 15 cont

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

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
March 6, 2017 at 9:21 am #375905
acca9
Member
- Topics: 68
- Replies: 50
According to what you haven answered previously, then really nothing should be recognize as revenue because the performance obligations haven’t happened yet!
So only the 27 mil should be included?? I dont understand why the rules have seemingly changed!
March 6, 2017 at 10:53 am #375930
MikeLittle
Keymaster
- Topics: 27
- Replies: 23327
Are you sure that you’re reading the answer correctly?
I make it 27,000,000 MINUS the deferred income of 2,080,000 giving us a revenue recognized amount of 24,920,000
If that’s not correct … well, it must be correct if you have given me correct information!
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

The topic ‘IFRS 15 cont’ is closed to new replies.