Accountant
Ifrs 15 questions
38 questions on Ifrs 15 for accountants, easiest first.
Easy 11
- What triggers revenue at a point in timeeasy
- Which is not a sign that control has passedeasy
- Defining a performance obligationeasy
- When a customer contract existseasy
- Revenue from an annual maintenance contracteasy
- Selling a gift vouchereasy
- Revenue on cash-on-delivery orderseasy
- Interest earned on a bank depositeasy
- What amount revenue is measured ateasy
- Revenue from a SaaS subscriptioneasy
- A report delivered only at the endeasy
Medium 14
- Vouchers that are never redeemedmedium
- Goods billed but kept in the seller’s warehousemedium
- Goods sent to a dealer on consignmentmedium
- Standard warranty or extended warrantymedium
- Payment terms of 90 daysmedium
- Licensing a finished filmmedium
- A discount voucher for the next purchasemedium
- Paid in shares instead of cashmedium
- Listing fees paid to a supermarketmedium
- Selling to a customer unlikely to paymedium
- A formality acceptance clausemedium
- Two contracts signed togethermedium
- Selling an AC with installationmedium
- Three years of subscription paid upfrontmedium
Hard 13
- Daily cleaning as one obligationhard
- Freight arranged after control passeshard
- Payment due two years after deliveryhard
- Allocating a bundle discount to only some itemshard
- When the residual approach is allowedhard
- A non-refundable gym joining feehard
- Selling with a right to buy backhard
- Royalties based on a licensee’s saleshard
- Splitting a sale between goods and a voucherhard
- Customer can force a buybackhard
- Invoicing early to hit a targethard
- Paying a customer more than the service is worthhard
- A customer goes insolvent midwayhard