Answered: evenue recognition under IFRS 15 is…

evenue recognition under IFRS 15 is based on Transfer of title Payment of consideration Transfer of control Transfer of risk and rewards of ownership

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process

Section: Chapter Questions

Problem 17CYBK

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Revenue recognition under IFRS 15 is based on

Transfer of title

Payment of consideration

Transfer of control

Transfer of risk and rewards of ownership

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