Questions in this topic

  1. How do you recognize revenue?
  2. When can you recognize revenue?
  3. What qualifies as a financial asset?
  4. What is the purpose of IFRS?
  5. What is the purpose of IFRS 15?
  6. What is the purpose of ASC 606?
  7. What is the difference between ASC 605 and 606?
  8. What is ASC 606 Revenue?
  9. What is a performance obligation IFRS 15?
  10. What is a contract asset IFRS 15?
  11. What are the two basic types of financial assets?
  12. What are the five principles of accounting?
  13. Is land a financial asset?
  14. Is cash a financial asset?
  15. How many countries use IFRS?
  16. When did IFRS 15 come into effect?