- This topic has 1 reply, 2 voices, and was last updated 9 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>
Forums › ACCA Forums › ACCA AAA Advanced Audit and Assurance Forums › Ifrs 15 or ias 18
Hi
Regarding issues about revenue. Can we still apply the concepts of ias 18 and ias 11?for example saying revenue should be recognized only when all the risk and rewards have been transfer
“Can we still apply the concepts of ias 18 and ias 11?”
Why would you want to? Both those IASs no longer exist. What is in IFRS 15 is all you need to use if a question comes up in that area
If you’re going to start quoting chapter and verse from old, withdrawn standards, why not go back to the situation that existed before those standards were issued?