What is revenue recognisation criteria under IFRS 15. how its different from IAS 18?

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Question ajoutée par Wasim khan wazir , Finance Specialist , Mott Macdonald
Date de publication: 2016/03/01

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par Khaled El Nagar , Chief Accountant , Sonar Sondaj

1- The entity has transferred the significant risks and rewards of ownership,

2- the entity has neither continuing managerial involvement to an extent

associated with ownership nor effective control over the goods.

3- the revenue (measured at the fair value of the consideration received or

receivable) can be reliably measured.

IAS 18 & 11 will supersedes IFRS 15 with effect from 1.1.2018 ? True or False
Top Answer: The answer to the above question is False Voir Plus

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What is the criteria of recognizing revenue according to IAS 18 standard?
Top Answer: Revenue from the sale of goods shall be recognised when all the following conditions have been satisfied: ... Voir Plus

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1- According to IFRS 15 Revenue from contracts with customer, revenue from the sale of goods should be recognized at a single point in time when; ?
Top Answer: Option d 1 and 2 1- Goods or services have been transferred to customers 2- The entity is entitled to con ... Voir Plus

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When revenue is recognized as per IAS 18?
Top Answer: Hello, Please clarify for which type of revenue are you referring to ? Revenue from rendering of servic ... Voir Plus

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