Recognise revenue using the 5-Step Model of IFRS 15?
IFRS 15 is the new financial standard on revenue recognition and replaces IAS 18 and all related pronouncements.
How do we apply IFRS 15? As a CTA student who will be writing SAICA’s Initial Test of Competence (ITC) in the near future, this is a question you must be able to answer. Remember, as a trainee, the seniors in your firm will require your knowledge of the new accounting standards.
In this video lecture Bianca Nel CA (SA) explains how to apply the 5-Step Model per IFRS 15.
To find out more about the CA Campus programme, click here.
To view more videos on our YouTube account, click here.
If you would like to view our Free Week 2018, click here.
