Question: If an entity is performing its responsibilities under a contract to a customer in a manner where the performance obligations are being satisfied over time

If an entity is performing its responsibilities under a contract to a customer in a manner where the performance obligations are being satisfied ‘over time’ (rather than at a ‘point in time’), what are the alternative approaches to measuring the level of progress that depict the transfer of goods and services to the customer?

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AASB 15requires than an entity shall measure progress towardssatisfaction of a performance obligationthat is satisfied over time by using a method that best depicts the transfer of goods or services t... View full answer

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