Which of the following disclosures are required under AASB 15/IFRS15?
I. The accounting policies adopted for revenue recognition.
II. Total income, allocated between revenue and other gains.
III. The amount of revenue arising from exchanges of goods and services.
IV. The amount of each significant category of revenue recognised during the period.
A) I and II only.
B) I, II and III only.
C) I, III and IV only
D) I, II, III and IV.

Question

Quizplus · Accepted Answer

AASB 15/IFRS 15 requires disclosures of accounting policies for revenue recognition, revenue from exchanges of goods and services, and significant categories of revenue recognized. Total income allocation is not specifically required.

Which of the Following Disclosures Are Required Under AASB 15/IFRS15