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Stephen Widberg.
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Yovin
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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.
Stephen Widberg
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I 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.
Yovin
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