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hello, hope you all doing well :) I have a question about the accounting treatment of this case let's assume that the customer is going to have a contract with us to get an apartment in the future when the customer signs the contract he gives us a Bank cheques that have a different collection dates ...

hello ,, I know it may seem a naïve question but I want to know why do we need to create a different accounts that represents on type of account in the Charts of accounts for example if we have a bank account should we sub divide it into Bank account 1, bank account 2 ,,etc. so basically we are doin...

Hi Attached is the pdf file showing the calculations. Unfortunately I could not load the file in excel format. You will also see a second section which shows sample entries. By the way, the standard says that a single discount rate should be used throughout the period. Hope this helps. You are appr...

Hi 1. It does appear that there is a significant financing component as the customer is making an advance payment as well as gets the benefit of periodic payment over 8 years. 2. Measurement of the financing component may be on the basis of "cash price" of the property or if the contract ...

I think you could use your incremental borrowing rates ? What the rates you use in your leases for this type of duration ? or maybe you can ask your bank what would be the rate applicable if you borrow the money from them ? After the recognition of revenue, it'll be receivable against interest inco...

we have a cash price the customer can pay at the contract inception but the problem is he also won't be able to take control over the unit till 4 years from the contract so what I think is either he paid cash or installment he still financing us till he take control over the unit but i just can't ma...

well it's new in third world countries

yes first time adaptor

hello,, We are trying to apply the new IFRS 15 (revenue from contracts with customers) and i have some questions we are a real-estate development company we usually enter into a contract with the customers where customers have to pay an advanced payment and then an periodic payment over 8 years and ...