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IFRS 15: Revenue - Coggle Diagram
IFRS 15: Revenue
Recognition
Step 2
Identify promsied G&S
distinctive g&s
Bundle test
customisation test
Separately identifiable
Step 5
recognise revenue when PO are satisfied
Overtime
Point in time
Dr Bank Cr Revenu
Measurement
Step 4
Allocate TP to performance obligations
stand alone selling prices
Determine full transaction price
step 3
Identify separate performance obligations
variable consideration
Identification
Step 1:
Contract must exist between customer & entity
Contracts
Executory
Onerous contracts