Verge(b)_June 2013_IFRS 15

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February 28, 2018 at 6:32 pm #439431
sss111
Member
- Topics: 37
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Hi,
In the calculation for revenue year end 31 March 2012, why do we use n= 2 years and not n=1 year in the discount factor?
Thank you in advance !
March 4, 2018 at 8:52 pm #440214
P2-D2
Keymaster
- Topics: 4
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Hi,
The contract is due to be completed on 31 March 2014 and 31 March 2012 is two years before that date, hence the two year’s worth of discounting.
Thanks
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