Hello dear tutor...
My question is about 2 relatively new standars as follows:
1)if we have a question about REVENUE, should we use IAS 18 or IFRS 5?
2)if we have a question about LEASE, should we ue IAS 17 or IFRS 16?
Thanks alot
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New standards
Hi,
For revenue you should use IFRS 15. IFRS 16 is not yet examinable as an accounting standrad but it would make a very good current issues question possibly.
Thanks
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