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Hi,
When it comes to the revenue recognition, there are many quetions in BPP revision kit touching upon costs of fulfilling a contract and incremental costs of obtaining a contract. Can you confirm that this is relevant topic for the exam?
In your lectures you don’t mention about it and also examiner in one of the technical articles says: “For exam purposes, you should focus on understanding the principles of the five-step model so that you can apply them to practical questions”.Regards
Hi,
It could potentially be examined I suppose as it is within the standard, but I don’t recall it being seen and if it were to appear then I think it would be examined in SBR, hence why it isn’t in the materials.
Thanks
Ok. Thank you very much for a prompt response. You are doing a great job!
Regards
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