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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › technical article- revenue revisited
“IFRS 15 requires that a series of distinct goods or services that are substantially the same with the same pattern of transfer, to be regarded as a single performance obligation. ”
sir i find this statement very controversial.Like on one hand it states how the gods/services are “distinct” and on the other hand states that “are substantially the same”.
how and what exactly is the statement trying to convey sir? could you explain by giving an example?
If you are interested in the theory, use:
https://www.pwc.com/gx/en/services/audit-assurance/assets/revenue-from-contracts-with-customers.pdf
But keep it simple for the exam!