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Onerous contract subsequent measurement

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Onerous contract subsequent measurement

  • This topic has 1 reply, 2 voices, and was last updated 7 months ago by P2-D2.
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  • November 16, 2024 at 6:54 am #713267
    Dyansaneh
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    • Topics: 2
    • Replies: 0
    • ☆

    How to account for revenue in the subsequent measure and any contract asset or liability both in the statement of P/L and SFP

    November 17, 2024 at 8:53 pm #713300
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7171
    • ☆☆☆☆☆

    You would account for it in the usual fashion under IFRS 15.

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