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Revenue Recognition

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Revenue Recognition

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • August 29, 2017 at 11:36 pm #404190
    brikhysi16
    Member
    • Topics: 2
    • Replies: 2
    • ☆

    Hi,In the question to discuss under what curcumstances revenue might be recognized ,in the chapter one of P2,it seems to me strange that when the customer is invoiced for the goods ,eithout mentioning here if goods are delivered or not,the performance obligation is considered performed.It is a little contradictory to the provisions of the standard i think .
    I would consider this only invase that the invoice is issued after or in the same moment that goods are tranferred to the customer and risks has been transsferred as well ,asdefined in ifrs15.But not just simply that the invoice is issued.
    Thanks

    August 31, 2017 at 11:12 am #404617
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7171
    • ☆☆☆☆☆

    Hi,

    Which question and in which study text are you referring to please? If you point me in the right direction then I can help you.

    Thanks

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