Q3aii) The Q asks us to demonstrate how revenue recognition is supported by the revised Conceptual Framework for Financial Reporting (2018).
The answer published by ACCA quotes;
The revised Framework also states that an item which meets the definition of an element should be recognised if: (a) it is probable that any future economic benefit associated with the item will flow to or from the entity; and (b) the item has a cost or value which can be measured with reliability
Isnt this from the original framework and not the revised?
Shouldn’t the correct answer concern reliability and faithful representation?