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IFRS 15 or IAS 18&11

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

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November 25, 2015 at 8:21 am #285098
yellow
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Hello Mr Mike
hope you are fine.
Would you please let me know what we should do if there was a question in December exam about revenue recognition ?
We should use and refer to IAS 18&11 or IFRS 15 ?!
Is IFRS 15 examinable in P7 at all!!!?
Kind Regards
Thank you in advance
November 25, 2015 at 8:43 am #285119
MikeLittle
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Not only is IFRS 15 examinable, but IAS 11 and IAS 18 are NOT examinable.
If a question is asked about revenue, your answer is based on IFRS 15
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