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Silvia
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Thank you for attempting the quiz – I hope you got it all right!
In the IFRS Kit, similar quizzes follow most of the lectures, with different number of questions. If you get at least 75% right, you will be able to print out the certificate of completion with your name (this applies only when you are logged into the IFRS Kit course).
If you wish to revise your answers, please click “View questions” button below.
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Question 1 of 3
1. Question
How shall we allocate the transaction price to the performance obligations in line with IFRS 15?
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Question 2 of 3
2. Question
How can an entity satisfy a performance obligation and recognize revenue in line with IFRS 15?
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Question 3 of 3
3. Question
Telecom company sold 12-months of network services, to be billed monthly, to a customer. As a bonus, the customer receives a free handset at the inception of the contract. How should a telecom company recognize revenue from the handset?
CorrectIncorrect