Ifrs 15 Revenue From Contracts With Customers Acca

Along side these notes and lectures i am studying acca through kaplan and there is a question on ifrs 15 revenue i am not completely happy with.

Ifrs 15 revenue from contracts with customers acca. I explain how is ifrs 15 changed from ias 18 or 11. Xin chào các bạn ifrs 15 là một trong các ifrs mới thay thế ias 18 revenue và ias 11 construction contract. Revenue from contracts with customers will replace international accounting standard ias 11 construction contracts and ias 18 revenue along with four related interpretations. Revenue from contracts with customers ifrs 15 part 2 acca sbr lectures free acca lectures for the strategic business reporting sbr exam please go to.

Problems of ias 18. Ifrs 15 revenue from contracts with customers quiz free ifrs quizzes ifrs 15 revenue from contracts with customers quiz previous lesson. Issues associated with implementing. The consideration is 12million.

To find out more see our cookies policy terms conditions. On completion of this course you will have a greater understanding of the. Free acca lectures for the strategic business reporting sbr exam please go to opentuition to download the sbr notes used in this lecture view all remainin. Vì thế ifrs này có nhiều điểm mới và khó.

The fasb will issue its own standard for use in the us. Ifrs 15 was issued in may 2014 and applies to an annual reporting period beginning on or. Overview every profit oriented organisation wants to maximise its profit thus revenue. Ifrs 15 revenue from contracts with customers is very important in accounting practices.

The core principle of ifrs 15 standard requires an entity to recognise revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to in exchange for transferring those goods or services to the customer. Key requirements of ifrs 15. The latest guidance on revenue recognition such as telecom industry. The standard provides a single principles based five step model to be applied to all contracts with customers.

Identify the contract s with a customer. 5 steps bao gồm. This courses provides an overview of the new revenue framework of ifrs 15 and considers the practical aspects of its implementation. This site uses cookies.

On december 1st 20x1 company a provides a service to a customer for the next 12 months. I also talk about how to answer acca sbr questions on ifrs 15. Current treatment of ias 18. The question is as follows.

Back to course next lesson.