IFRS 15 states that,revenue associated with a transaction should be recognized as a function of the stage,or percentage of completion of the transaction,at the end of the reporting period,when the outcome of a transaction involving the rendering of services can be estimated ____.

Question

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IFRS 15 requires that revenue from transactions involving the rendering of services be recognized based on the stage of completion when the outcome can be estimated reliably, not just approximately, undoubtedly, or accurately. This ensures that revenue is recognized in a manner that reflects the actual service provided as of the reporting date.

IFRS 15 States That,revenue Associated with a Transaction Should Be