IFRS 15 - Revenue recognition — OpenTuition Forums

BBrandon7y ago

Hi Chris I was wondering on a particular scenario in cases of strange forms of inflows outside the company's main line of business. For instance, if a company has solar panels installed on its premises, how should the 'feed-in tariff' be accounted for? Should it be recognized as Revenue/Other income or deducted from costs? Thanks in advance.

P2-D2Tutor7y ago#1

Hi, If it is income from supplying energy back to the grid then this is not part of its normal operations and so would be classed as other income. I doubt you'd get a question on it in FR so I'd not worry too much. Thanks

BBrandon7y ago#2

Thanks for the prompt reply. Much appreciated.

This topic is locked — no new replies.