However, there is no requirement to calculate the estimated profit/loss on the contract (except to the extent of determining whether the contract is onerous).For the purposes of the FR exam, any costs incurred to fulfil a contract with a customer should be expe...
Except for these 5 steps, IFRS 15 arranges a few other areas, such as… Contract costs IFRS 15 provides a guidance about two types of costs related to the contract: Costs to obtain a contract Those are the incremental costs to obtain a contract. In other words, these costs would not hav...
IFRS 15 precisely specifieshow to account for contract modifications, based on the terms of modification. There are 2 basic types of contract modification: Contract modification is a separate contract Contract modification is accounted for as for a separate contract (meaning that the original contract ...
识别一个合同(Identify the contract with the customer); 判断合同中需要履行的义务(Identify the performance obligations in the contract); 判断合同的对价(Determine the transaction price); 将合同对价(总价)分摊到相应的履约义务(Allocate the transaction price to the performance obligations in the contracts);...
output methods:sales value transferred to customers/Total contract priceinput methods:costs incurred of the entity/Total costsfirstlyConsignment arrangementsRepurchase agreements🔍委托代理🔍质保√:income /ordinary activities×:sale of non-current assets or sales tax are not revenue...
Except for these 5 steps, IFRS 15 arranges a few other areas, such as… Contract costs IFRS 15 provides a guidance about two types of costs related to the contract: Costs to obtain a contract Those are the incremental costs to obtain a contract. In other words, these costs would not hav...
(N》100) 36:20 Breach of Contract, Damages - A你的英语进步神奇,照此方法,精听-跟读-背诵-默写-笔译-口译、重复重复,重复 N次(N》100) 24:11 Agency Law -你的英语进步神奇,照此方法,精听-跟读-背诵-默写-笔译-口译、重复重复,重复 N次(N》100) 25:20 Administrator Appointed by the Court - 你...
IFRS 15 Revenue from Contracts with Customers provides a single, principles-based five-step model that should be applied to determine how and when to recognise revenue from contracts with customers. This page provides information on the standard and amen
最重要的会计科目(上):收入确认新准则IFRS15 最重要的会计科目(上):收入确认新准则IFRS15 译者注:本文译自ACCA-P2最新(2015年9月)两篇文章 《Revenue?revisited》。收入可以说是最重要的会计科目,收入确认准则无疑也 是极其重要的,影响深远的(对ACCA考试至少是F7F8P2P7)。 ? 因为文章很长,且用词重复多,为方...
最重要的会计科目(上):收入确认新准则IFRS15 译者注:本文译自ACCA-P2最新(2015年9月)两篇文章《Revenue revisited》。收入可以说是最重要的会计科目,收入确认准则无疑也是极其重要的,影响深远的(对ACCA考试至少是F7F8P2P7)。 因为文章很长,且用词重复多,为方便阅读理解,译者对原文进行了改编和一些简化,比如:Fina...