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Kindly expecting yourrecommendations .Thanks in advance%ReplyNorman TsatsaMarch 30,2019 at 4:08 am(-15-revenue-contracts-customers/#comment-41670)01/12/2019, 1>26 AMPage 79 of 104
Hie SilviaMay you please giveguidance on how we shouldaccount revenue, in the caseof a non for profitorganisation which receivesfunding from Funders asgrants applying the IFRS 15concepts%Replynguen hong()May 21, 2019 at 8:52 am(-revenue-contracts-customers/#comment-48792)Hi Silvia!Your lectures and articles are sohelpful! And I always read theexamples and cases from yourprofessional life as a fascinatingbook.My question is, how to account forthe trade-in transactions (e.g. whenselling cars).Thank you!01/12/2019, 1>26 AMPage 80 of 104
%ReplyFaras MuhammadJune 20,2019 at 5:41 pm(-15-revenue-contracts-customers/#comment-51149)Hi Silvia,First of All, you are awesomeand your lectures are twiceAwesome.I need to ask 1 questionsregarding IFRS 15implementation for FootballClubs like Manchester Unitedetc.They have 3 types of SalesRevenues:1. Match Tickets2. Broadcasting.3. Sponsorship AmountWill IFRS 15 applicable toabove 3 points or not.1. Regardingfirst point here isNO contract with Fans whogonna buy tickets but even it01/12/2019, 1>26 AMPage 81 of 104
considers Sales Revenue .WHY ?2. Broadcasting andSponsorship Amount , yesthey might have contractualrelationship , so it meansIFRS 15 will apply. Right ??Need your guidance here.Thanks%ReplyFortunate()July12, 2019 at 2:29 pm(-15-revenue-contracts-customers/#comment-52721)Hi SylviaIm struggling with contractsthat do not meet para 9 (e) ofifrs 15; evaluation of abilityand intention of customers.We are a national roadagency deriving revenuefrom e-tolls. There are niwriten agreements withcustomers but road users01/12/2019, 1>26 AMPage 82 of 104
using toll roads should pay interms Act and non paymentis a crime in terms of Act.However the public has beenopposing the etolling ofroads and 80% of customersdont pay at all for say past3years.Can i say i have contractswith customers (ability andintention is difficult to assesshere).If no, which other std can iuse for these transactions?Can i use the Available Actsto mitigate the risk of creditlosses on recognition ofrevenue and recogniserevenue?We dont chose ourcustomers being road usersthus customers creditworthiness is not practicable.%ReplyKishAugust 23, 2019 at 11:45am(-01/12/2019, 1>26 AMPage 83 of 104
15-revenue-contracts-customers/#comment-62453)Hi Sylviawander if you can help meclarify principles of reportingon a Principle Agencytransactiom To exemplify myissue :1. Company A ( principle)provides services toCompany B ( Agent) whosells Company A products toCustomers thru their website. A has given two type ofrates .

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Term
Fall
Professor
yayen

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