ACCA F7(INT)最新考试内容变化.docxVIP

ACCA F7（INT）最新考试内容变化IFRS 15 Revenue from Contracts with Customers1. Principles of Revenue Recognition1.1 IFRS 15IFRS 15 Revenue from Contracts with Customers outlines the five steps of the revenue recognitionprocess:Step 1 Identify the contract(s) with the customerStep 2 Identify the separate performance obligationsStep 3 Determine the transaction priceStep 4 Allocate the transaction price to the performance obligationsStep 5 Recognise revenue when (or as) a performance obligation is satisfiedThe core principle of IFRS 15 is that an entity recognizes revenue from the transfer of goods or?services to a customer in an amount that reflects the consideration that the entity expects to be?entitled to in exchange for the goods or services.1.2 Identify Contracts With CustomersDef inition:Contract— an agreement between two or more parties that creates enforceable rights and obligations.Contracts can be written,verbal or implied based on an entitys customary business practices.Customer— a party that has contracted with an entity to obtain goods or services that are an output of the?entitys ordinary activities in exchange for consideration.The revenue recognition principles of IFRS 15 apply only when a contract meets all of the followingcriteria:*·the parties to the contract have approved the contract;·the entity can identify each partys rights regarding the goods or services in the contract;·the payment terms can be identified;·the contract has commercial substance;and*·it is probable that the entity will collect the consideration due under the contract.*1.3 Identify Performance ObligationsPerformance obligation a promise to transfer to a customer:·a good or service (or bundle of goods or services) that is distinct;or·a series of goods or services that are substantially the same and are transferred in the same way.If a promise to transfer a good or service is not distinct from other goods and services in a contract，then the goods or services are combined into a single perfo