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Ask the Tutor ACCA SBR

Mar/June 2017 Q2(b)

ZzorrizSupporter5y ago
Hello Sir, what is the mean of contractual and non-contractual customer relationship?What is the means of contractual refers to here? Thank you.
stephenwidbergstephenwidbergTutor5y ago#1
This is old syllabus. Please can you give me a reference in in your revision kit
ZzorrizSupporter5y ago#2
Canto Co
stephenwidbergstephenwidbergTutor5y ago#3
Intangibles can only be recognised if they are separable or arise from legal/contractual rights The backlog of orders results from a contractual relationship with a customer and can be recognised as an intangible There is no contractual right in respect of the use of the water. So we can only recognise this intangible if it could be sold separately. It cannot so no intangible will be recognised.
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