_____________ establishes the principles that an entity applies when reporting information about the nature, amount, timing and uncertainty of revenue and cash flows from a contract with a customer.

Question

Quizplus · Accepted Answer

IFRS 15 establishes the principles for reporting information about the revenue and cash flows that result from contracts with customers. It provides a comprehensive framework for recognizing revenue when or as the entity satisfies a performance obligation.

_____________ Establishes the Principles That an Entity Applies When Reporting