IFRS15- Revenue from ContractsForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS15- Revenue from ContractsThis topic has 1 reply, 2 voices, and was last updated 3 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts September 21, 2021 at 10:01 am #636110 shanas112MemberTopics: 2Replies: 0☆Sir,In example 4, why is the Revenue from “Technical Support” treated as a “Liability”?Thanks. September 22, 2021 at 6:24 pm #636334 Stephen WidbergKeymasterTopics: 15Replies: 3328☆☆☆☆☆If you don’t recognise the revenue yet, you have to credit something……………so that will be a liability.You cannot recognise the revenue for the periods for which you haven’t yet offered technical support.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In