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IFRS 15_Verge June 13

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 15_Verge June 13

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • April 2, 2018 at 6:58 am #444464
    sss111
    Member
    • Topics: 37
    • Replies: 5
    • ☆

    Knowing that a total of $5m should be received at the end of the year, ($2.6m present value + $0.096m unwinding of interest) + ($1.13m present value + $0.096m unwinding of interest) should have given us $5m right ?

    But this is not the case.

    Could you explain please. Thank you in advance!

    April 8, 2018 at 8:49 am #445595
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7171
    • ☆☆☆☆☆

    Hi,

    I don’t think that you’ve incorporated all of the payments to be received in your calculations above. There are three payments and I think you’ve only accounted for two of them.

    Thanks

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