Page 5 - UNISA Test 2 Course Slides - Revenue
P. 5

REVENUE



            Outcomes









            • Identify contracts with customers within the scope


                of IFRS 15.


            • Identify combination of contracts and contract


                modifications.


            • Identify separate performance obligations.



            • Determine the transaction price and the allocation

                thereof to separate performance obligations.



            • Recognise revenue when performance obligations

                have been satisfied.



            • Account for contract costs.



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