如果单独售价无法直接观察,则企业需要对其做出估计。(如expected cost plus an appropriate margin/the assessment of market prices for similar goods or services adjusted for entity-specific costs and margins /a residual approach in limited circumstances ) 5.Recognise revenue 重要的时点在Transfer Control上,可...
Let’s not go into any details of output or input methods right now. To make it simple, let’s say that 1 year prior completion, RE Constructincurred 45% of total costfor building an apartment and another 55% is incurred in the second year of construction. As a result, RE Construct r...
IFRS 15 can be applied to all contracts of an entity except (a) lease contracts, (b) insurance contracts, and (c) contracts representing investments and intercorporate arrangements. It applies to contracts with customers only and not with partners in a joint arrangement. However, it does not a...
an estimate is made by using an approach that maximises the use of observable inputs - for example, expected cost plus an appropriate margin or the assessment of market prices for similar goods or services
The remaining cost/revenues: Labor costs, materials, etc. to complete the contracts are accounted for as contract costs (at the time when they are actually incurred): Costs to paint the building: Debit Contract costs (asset in balance sheet); Credit Employees (or suppliers or whatever is re...
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...
同上,原 IFRIC 13 从2018年开始被 IFRS 15 替代。 IFRIC 15, Agreements for the Construction of Real Estate (superseded by IFRS 15, effective for annual periods beginning on or after January 1, 2018) 同上,原 IFRIC 15 从2018年开始被 IFRS 15 替代。
At 31 December 20X5 the entity will recognise revenue of $750,000 and cost of sales of $600,000, leaving profit of $150,000. The contra set will be the costs to date plus the profit - $750,000. We are not told that any of this amount has yet been invoiced, so no amount is ...
expected cost plus an appropriate margin or the assessment of market prices for similar goods or services adjusted for entity-specific costs and margins or in limited circumstances a residual approach. The residual approach is different from the residual method that is used currently by some entities...
2、TFOUNDATION #財團法人會計研究發展基金會ACCOUNTINGRESEARCHANDDEVELOPMENTFOUNDATION #ItemTerminEnglishTerminChinese1Amountrecoverable可回收(金額)2Corridor緩衝區3Costofsales*method銷貨成本法4AcceptableunderIFRSs國際財務報導準則可接受5Accountabilityofmanagement管理喈層之課責性6Accounting會計7AccountingandReport!ngbyRe...