Hi Sir
I would like to know if bill and hold arrangement will be examined in the SBR exams. It is not in the SBR syllabus, however, it is in the FR syllabus.
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IFRS 15 REVENUE
4y ago#1I am sure that bill and hold can be examined as it is in IFRS 15.
Example:
Power station needs coal at short notice but has no storage space. So coal stays at coal mine, separately stored.
Coal mine may book as a sale if power station has accepted risk for the coal, normally by taking out insurance.
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