About IFRS 15

Before start, you may wish to download your notebook here 🙂

The scope of IFRS 15

 

 

The principle and the steps

 

You know it!

This lesson is not to be considered complete until you successfully solve the questions below 🙂

Use what you learned in this lesson and what you know from before and try your best!

1. An entity (A) just signed a contract with another entity (B).

A allows B to use its premises and employees in order to produce some goods developed by B which will be furthered sold to another party C and the profit from this sale will be split between A and B in equal shares.

Is the contract between A and B a contract within the scope of IFRS 15?

 
A.
B.

 

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