Under IFRS,the Following Is Not Part of the Revenue Recognition

question 30

Multiple Choice

Under IFRS,the following is not part of the revenue recognition principle:

• A)promised goods or services have been transferred.
• B)when control to the goods and services has not been transferred to the customer
• C)the transaction price is determinable
• D)the obligated performance is satisfied

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Definitions:

Maturity

Is the expiration date of a financial instrument, at which point the principal (or final interest payment) is repaid to the investors.

Coupon Rate

The interest rate per year on a bond, expressed as a fraction of its face value.

Par-Value

The face value of a bond or stock, representing the amount that the issuer agrees to repay at maturity or the nominal value of a share, respectively.

Duration

A measure of the sensitivity of a bond's price to changes in interest rates, essentially a weighted average of the time until cash flows are received.