chetan
asked about 2 years ago
What is Basis For Conclusions On IFRS 15 Satisfaction Of Performance Obligation ?
vijay
answered about 2 years ago
(a) dividends received (although these requirements existed in previous revenue Standards in IFRS, the IASB has moved them unchanged, and without changing their effect, into IFRS 9 Financial Instruments);
(b) non-exchange transactions (for example, donations or contributions received);
(c) for IFRS, changes in the value of biological assets, investment properties and the inventory of commodity broker-traders; and
(d) for US GAAP, changes in regulatory assets and liabilities arising from alternative revenue programmes for rate-regulated entities in the scope of Topic 980 on regulated operations. (The FASB decided that the revenue arising from those assets or liabilities should be presented separately from revenue arising from contracts with customers.
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