IFRS 15 cont

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March 6, 2017 at 9:21 am #375905
acca9
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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
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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!
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