What are the indications and criteria for recognizing a contract with non-cash consideration under IFRS15. Overall
Fantastic news! We've Found the answer you've been seeking!
Question:
What are the indications and criteria for recognizing a contract with non-cash consideration under IFRS15.
- Overall concept of Non-cash transaction under IFRS15.
- What is a contract with commercial substance under IFRS15.
- Typical examples of non-cash considerationsthat involve the exchange of advertising services or the loan of vehicles in return for certain marketing/advertising services.
- What are the initial and recurring booking for barter transactions under this scenario: ABC company provides goods to Company (or Person B) for exchange of marketing/advertising services under a 16 month contract.
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
Posted Date: