New standards

This topic has 1 reply, 2 voices, and was last updated 10 years ago by P2-D2.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
May 24, 2016 at 7:21 pm #316895
juve
Participant
- Topics: 59
- Replies: 77
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
May 30, 2016 at 9:28 am #318090
P2-D2
Keymaster
- Topics: 4
- Replies: 7235
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
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.