Search found 4 matches
- 12 Aug 2021, 11:20
- Forum: IFRS-related topics
- Topic: IFRS 15 Point in Time/Over Time between Subsidiaries
- Replies: 3
- Views: 6738
Re: IFRS 15 Point in Time/Over Time between Subsidiaries
Company A is agent.
- 12 Aug 2021, 08:59
- Forum: IFRS-related topics
- Topic: IFRS 15 Point in Time/Over Time between Subsidiaries
- Replies: 3
- Views: 6738
IFRS 15 Point in Time/Over Time between Subsidiaries
Hi all, the scenario is as below. - Company A and Company B are subsidiaries of the same parent company. - Company A signs a sales contract to perform accounting service of 2 years for a client; however, Company A does not perform the accounting service itself, it subcontracts the accounting service...
- 10 Jan 2021, 17:33
- Forum: IFRS-related topics
- Topic: IFRS 15 Contract Costs
- Replies: 3
- Views: 1094
Re: IFRS 15 Contract Costs
Yes, noticed that there are many outstanding ARs.... So you are saying that, even though that the remaining 5% commission that the sales rep is not currently entitled (due to AR not being collected), should also be booked in the 1st year and amortize over the project life, and to be restated (reduce...
- 07 Jan 2021, 15:39
- Forum: IFRS-related topics
- Topic: IFRS 15 Contract Costs
- Replies: 3
- Views: 1094
IFRS 15 Contract Costs
Hi, may I ask for some comments regarding the below scenario in the sales commission. I work in a project-based company, and we pay sales commission (10% flat rate on the gross margin of the sales (sales minus expected costs)) as incremental costs to fulfil a contract. We usually amortize the commis...