Write an essay of about 2,000 words in length critically discussing the issues concerning the new IFRS 15 Revenue from Contracts with Customers standard for both - preparers and users of financial information.
For your essay:
• You must utilise the relevant literature to demonstrate your understanding related to revenue recognition accounting standard.
• Your essay must provide a good synthesis as well as critical analysis.
• Wherever possible, demonstrate your point(s) with brief, but relevant examples

Answers

Answer 1

In writing an essay you must consider the structure of the essay, Hence, the structure of the essay should be considered;

The Introduction The body'The conclusion

What are the problems associated with the recognition of revenue?

The accurate identification of performance obligations is one of the most critical continuing challenges associated with the implementation of revenue recognition.

A commitment made to a client to provide certain products or services in accordance with the terms of a contract is known as a performance obligation.

When IFRS 15 is applied, an entity recognizes revenue to depict the transfer of promised goods or services to the customer in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This amount is referred to as the transaction price.

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Related Questions

I will give you Brainliest if its correct. Describe an electromagnetic wave.

Answers

Answer:

Electromagnetic waves will be waves that are made because of vibrations between an electric field and an attractive field. As such, EM waves are made out of wavering attractive and electric fields. ...They are redirected neither by the electric field, nor by the attractive field.

hope this helps :)

Answer:

the first answer was right.ill give it a ten

what are the potential disagreements that could occur from Kosovo achieving self-determination? serbia

Answers

Answer:

There are several potential areas of disagreement that could arise if Kosovo were to achieve self-determination:

Explanation:

Kosovo's relationship with Serbia: Kosovo declared independence from Serbia in 2008, and Serbia has not recognized Kosovo's independence. If Kosovo were to become self-governing, it could lead to further tensions between the two countries.

International recognition: Not all countries have recognized Kosovo's independence, and achieving self-determination could further complicate efforts to gain universal recognition.

Regional stability: Kosovo's independence has the potential to set a precedent for other regions seeking independence, which could lead to further destabilization in the region.

The role of international organizations: If Kosovo were to become self-governing, it could raise questions about the role of international organizations, such as the United Nations, in maintaining peace and stability in the region.

Economic implications: Kosovo's independence could have economic implications, both for Kosovo itself and for the countries that have recognized its independence.

There are several potential areas of disagreement that could arise if Kosovo were to achieve self-determination:

Kosovo declared independence from Serbia in 2008, and Serbia has not recognized Kosovo's independence. If Kosovo were to become self-governing, it could lead to further tensions between the two countries.

Not all countries have recognized Kosovo's independence, and achieving self-determination could further complicate efforts to gain universal recognition. Kosovo's independence has the potential to set a precedent for other regions seeking independence, which could lead to further destabilization in the region.

If Kosovo were to become self-governing, it could raise questions about the role of international organizations, such as the United Nations, in maintaining peace and stability in the region.

Kosovo's independence could have economic implications, both for Kosovo itself and for the countries that have recognized its independence.

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How were Jews affected during The Spanish Inquisition?


They were not affected as it was a fight between Catholics and Protestants.


Both Jews and Jews who had converted to Christianity were persecuted.


Toleration of Jews was taught by the priests of Catholicism.


Laws were enacted that restricted Jewish rights.

Answers

The Jews affected during The Spanish Inquisition: Both Jews and Jews who had converted to Christianity were persecuted. Thus option (c) is correct.

What is Christianity?

The Christianity is among the most popular religion in the world like Hinduism, Islamism, and Buddhism.

The Christian faith centers on beliefs regarding the birth, life, death and resurrection of Jesus Christ.

Christianitity is a monotheistic religion i.e.  it believe in one divine god. The divine God consists of three parts: the father (God himself), the son (Jesus Christ) and the Holy Spirit.

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a 7 year old boy living in a city state in ancient greece will soon be sent to an agoge to train for military service before joining the military he marries just so he will have children to add to the city state army . then he will leave home to serve in the military and return to his family at the age 60 .. based on the information you can conclude that the boy lived in ?

Answers

From the military information that has been provided here, we can say that the boy lived in Sparta.

What was the military training like for young boys in Sparta?

Boys from Sparta had to learn all kinds of military skills during their adolescence and teenage years. They received instruction in boxing, swimming, wrestling, javelin, and discus throwing. They received training to make themselves resistant to the elements.

At age 7, when they left home and entered the Agoge, Spartan boys began their military training. The lads shared a small home under spartan circumstances.

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What was one result of the warring statues period?

Answers

The Zhou dynasty's vassal states successively declared their independence, sparking the start of the Warring States. Over a hundred small states that each claimed the Mandate of Heaven were created when the collapsing dynasty broke apart.

Who was responsible for the Warring States period?

Starting with King Ai of Zhou, the first year of the Zhou Kings. The year that the Zhou court formally recognized Han, Zhao, and Wei as states. The Warring States period, according to author Sima Guang of Zizhi Tongjian (written in 1084) is marked by this image of crumbling Zhou authority.

The three centuries during which various rival Chinese states engaged in ferocious warfare for dominance and territorial advantage are known as the Warring States period. The first unified Chinese state was eventually founded by the Qin state, which ultimately triumphed.

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What phrase is not an example of using action verbs as key words

Answers

The phrase that is not an example of using action verbs as key words are other phrases apart from verb phrase, phrasal verb, and inflectional phrase.

What is a phrase?

A phrase is a group of words in a sentence that forms a grammatical unit or a group of words with a particular word class as its keyword or headword. Amongst types of phrases include, verb phrase, finite phrase, non finite phrase, Adverbial phrase, adjectival phrase, prepositional phrase and so on. Examples of phrases include "in the morning," "because of the rain," and "walking down the street."

Therefore, any phrase which does not have verb as its head or keyword which could be any of the aforementioned phrase types is not an example of using action verbs as key words.

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Which answer choice correctly illustrates a difference in the terminology used in the juvenile justice system compared to the adult justice system?

A.
While adults are "placed under arrest," juveniles are "taken into custody."

B.
While adults are charged with "crimes," juveniles are charged with "offenses."

C.
While adults are "incarcerated" if suspected of a crime, juveniles are "detained."

D.
While adults are "sentenced" if found guilty of a crime, juveniles are "arraigned."

Answers

Answer:

it's A

Explanation:

What kind of family consists of just two generations: the two parents and their children?

A.
nuclear family

B.
blended family

C.
kinship group

D.
extended family

Answers

Answer:

I believe a nuclear family

Explanation:

The correct answer is A

Why was the Pacific Northwest referred to as the "final frontier"?

Answers

Answer:

The Pacific Northwest was the last known uncharted territory that the world powers believed they could claim.

Explanation:

The only place that was yet to be conquered was the Oregon country otherwise known as the Pacific Northwest. ... Acquiring this land shaped the US country we now know as the final boundary was set between the US and present Canada hence the idea of final frontier.

Do you think amendments should expire every 19 years? Why or why not?

Answers

At that time, all legislation and constitution naturally expire after 19 years. If it is continued to be enforced, it is an act of force and not of right. I believe it should become invalid after a set amount of time, at which point fresh revisions should be made to reflect the current situation.

What is the need for amendments?

An amendment is a formally recognized alteration to a statute, agreement, charter, or other legal document. Its foundation is the verb amend, which means to improve. Parts of these agreements may be added, deleted, or updated by amendments.

Constitutions must be modified throughout time to address insufficient clauses, respond to fresh demands, include new rights, etc. A constitution's text would not otherwise be able to take current political and social needs into account.

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How did the women’s rights movement become very white-washed in the 1840s?

Answers

The Wesleyan Chapel in Seneca Falls, New York, hosted what is regarded as the country's first women's rights convention on July 19 and 20, 1848.

The Declaration of Sentiments, which demanded women's equality and the right to vote, was prepared at that convention by activist and leader Elizabeth Cady Stanton. The women's rights movement in the middle of the nineteenth century served as the catalyst for the campaign for women's suffrage in the United States.

Before its founders chose to prioritize white-washed securing the vote for women, this reform effort's leaders considered a wide range of objectives. The abolitionist movement served as the inspiration for the US women's suffrage campaign. Most of the first campaigners in the battle for women's suffrage were drawn to the cause by the 1830s abolitionist movement.

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The women's rights movement of the 1840s in the United States was primarily composed of white, middle- and upper-class women. This was due in part to the fact that these women had the leisure time, education, and financial resources to participate in political and social activism.

Additionally, the movement's focus on suffrage and other legal rights for women reflected the concerns and priorities of these privileged group.
At the time, the issues faced by black women and other women of color were often different from those faced by white women, and the movement's lack of attention to these issues resulted in a lack of inclusivity and diversity within the movement.

Additionally, the abolitionist movement, which sought to end slavery, and the women's rights movement were closely linked in the 1840s. Some leaders of the women's rights movement, such as Susan B. Anthony, were also involved in the abolitionist movement.

However, many white women in the movement were not willing to prioritize the fight for black women's rights and chose to focus on their own suffrage instead.This tendency to prioritize white women's issues over those of women of color, coupled with a lack of representation and engagement with women of color in the movement,

ultimately led to the movement becoming white-washed in the 1840s. This exclusionary approach to the movement persisted for decades, further marginalizing and silencing the voices of black women and other women of color.

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when did the united nations make a declaration on the elimination of all forms of discrimination against women​

Answers

Answer:

7 November 1967

This led to the adoption of the Declaration on the Elimination of Discrimination against Women by the General Assembly on 7 November 1967

Answer:

nov 7, 1979

Explanation:

The Convention on the Elimination of All Forms of Discrimination against Women (CEDAW), adopted in 1979 by the UN General Assembly, is often described as an international bill of rights for women.

give two reasons why people who own a house prefer to rent it out rather than living by themselves ​

Answers

Customizing. It’s your home, and you can decide what you will do with it.

Privacy and Socializing. When you own your home, you gain the advantage of privacy from landlord interruptions and inspections.

Building Equity. With homeownership, building equity essentially happens with each mortgage payment. Eventually, your property will have a value much greater than what you owe on it.

PLEASE HELP NOT SURE WHAT IS THE ANSWER 50 POINTS PLEASE 50 POINTS PLEASE 50 POINTS PLEASE 50 POINTS PLEASE 50 POINTS PLEASE 50 POINTS PLEASE 50 POINTS PLEASE 50 POINTS PLEASE 50 POINTS PLEASE50 POINTS PLEASE

Answers

Answer: Its C

Explanation:

I just searched it up :)

I also think it is c and please give me Brainest answer

Concept of just wages

Answers

A wage level sufficient to provide for basic necessities and such niceties as are advised necessary for the betterment of the employee as well as his family in accordance with his social status is termed as a just wage.

A just wage covers the basics required for a worker and his or her household to live a minimally decent life, such as hours of work that are predictable, not excessive, and provide regular rest to facilitate a decent life away from work.

        A just wage provides disposable income, allowing for savings and property ownership; it provides educational enrichment, professional development, and skill enhancement; and it promotes opportunities for advancement and income growth. Furthermore, a just wage structure promotes personal and community development.

        A just wage includes adequate health care coverageretirement incomewage protection in case of injury, inability to work, and death; wage protection in case of unemployment; and provisions for paid leave upon the birth or adoption of a child, provisions to defray the expenses associated with child care, and paid family leave upon the extended illness of a household member.

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Examine Hofstede’s six cultural dimensions. As a leader, why is it important to recognize and understand how the relationship between leaders and followers may be affected by each of these dimensions? Is the onus on leaders and/or followers to adapt? Support your argument with real-life examples.

Answers

Because it offers crucial knowledge about international differences and how to handle them, Hofstede's Hofstede’s six cultural dimensions is extremely helpful.

What do you mean by cultural dimensions?

Sociologists can explain how culture affects its members' values and how these values relate to the conduct of those who live inside a culture using Hofstede's cultural values or dimensions.

Outside of sociology, subjects including cross-cultural psychology, global management, and cross-cultural communication can benefit from Hofstede's work.

Hofstede's cultural dimensions were first identified through a sizable study he carried out throughout the 1960s and 1970s that looked at value variations among various divisions of IBM, a worldwide manufacturer of computers.

The power gap index measures how much weaker members of a group or institution, such a family, accept and expect that power is not divided fairly.

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Where is Taiwan located relative to China?
a. north
b. southeast
C. southwest
d. east

Answers

Answer:

southeast

Explanation:

Taiwan is located south of china sea

Have a good day

Answer:

Southeast

Explanation:

I'm just doing this for points y'alls . . .

Freida is earning a master’s degree in social work and putting together a presentation for class about the origin of human services using her own life. What part of her life will Freida MOST likely use for her presentation?

A.
her workplace

B.
her class

C.
her family

D.
her friends

Answers

Answer:

Freida is most likely to use her family as a part of her presentation about the origin of human services.

Explanation:

A master's degree in social work typically involves the study of social welfare policies, programs, and practices that aim to address social and economic inequalities and improve the well-being of individuals and communities. In putting together a presentation about the origin of human services, Freida might draw on her own experiences and background to illustrate the various factors and influences that have shaped her understanding of social work and her desire to pursue a career in this field.

Freida's workplace, class, and friends are less likely to be central to her presentation about the origin of human services, as they are not directly related to her personal history or development as a social worker. Instead, it is more likely that Freida will focus on her family and other personal experiences and influences that have shaped her understanding of social issues and her desire to help others.

6. What do you believe the Confederate general meant by his quote.

Answers

The Confederates established a nation-state that was deliberately anti-democratic, pro-slavery, and white supremacist and committed to the idea that all men are not created equally.

What does the word "Confederates" mean?

An ally is somebody who has joined forces with others to form a confederacy. an accomplice, particularly in a nefarious or illegal act. (Capitalized at the start) American history a Confederate States of America supporter Anyone who supports you and collaborates with you to achieve your objective is a confederate. It implies "connected by a pact" when used in the context of politics or governance, such as when two nations band together to fight a third. Seceding is the legal term for a state leaving its nation. This indicates that they intended to establish their own government and were no longer interested in being a part of the United States. Several states, including Mississippi, Alabama, Georgia, Florida, Louisiana, and Texas, had seceded by February 1861.

Confederate soldiers fought to establish what they dubbed "Southern institutions," the primary of which was the institution of slavery, as a separate and independent nation.

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Drawing Conclusions Some economists consider entrepreneurship to be a fourth factor of production in addition to land, labor, and capital, Other economists consider entrepreneurship to be a special category of labor. Which group of economists do you agree with? why?

Answers

The group of economists that I agree with are the ones who believe that entrepreneurship is the fourth factor of production.

Why should entrepreneurship be considered a factor of production ?

Entrepreneurship should be considered a factor of production because it plays a critical role in the process of creating and bringing new products, services and ideas to the market. The factors of production are the inputs that are used to produce goods and services, and they include land, labor, capital, and entrepreneurship.

Entrepreneurship can be considered a factor of production because Entrepreneurship is characterized by innovation, which is the process of creating new products, services, and ideas. Entrepreneurs identify new opportunities in the market and develop new ways to meet the needs of consumers. Entrepreneurship is often associated with job creation and economic growth, as new businesses often create jobs and stimulate economic activity in their local communities.

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I will give u brain thing if its correct Where do waves get their energy? (not the ocean waves)

Answers

Answer:

Explanation:

Waves get their energy from a moving object the then starts a vibration.

sumulat ng maikling talata tungkol sa kapakinabangan ng institusyong pinansyal gaya ng bangko sa bansa​

Answers

Answer:

Ang mga institusyong pinansyal gaya ng mga bangko ay mga institusyonal na pananalapi na tumatanggap ng mg deposito at ginagamit ang mga ito sa mga pagpapautang. Nakakatulong din ito sa pag iipon, at pagpapalitan ng pera.

Hal. LBC, BDO, Chinabank

Explanation:

Question 11
All citizens can participate in this type of government
A
Oligarchy
B
Autocracy
c.
Democracy

Answers

Answer:

C

Explanation:

Democracy allows power to the people

How did federal government respond to the Georgia Assembly’s expulsion of its African American members during Reconstruction?
What is the difference between the Emancipation Proclamation and the 13th Amendment?

Answers

Answer:Georgia's economy entered a severe depression.

Explanation:

Who held hearings in the Senate regarding how the United States became involved
in World War I?

Answers

Answer:

The Nye Committee, officially known as the Special Committee on Investigation of the Munitions Industry, was a United States Senate committee (April 12, 1934 – February 24, 1936), chaired by U.S. Senator Gerald Nye (R-ND). The committee investigated the financial and banking interests that underlay the United States' involvement in World War I and the operations and profits of the industrial and commercial firms supplying munitions to the Allies and to the United States. It was a significant factor in public and political support for American neutrality in the early stages of World War but I'm not sure

Senator Gerald P. Nye of North Dakota held hearings in the Senate to investigate the United States' involvement in World War I. Option A is the correct answer.  

The purpose of these hearings was to examine the reasons behind the country's entry into the war and to shed light on the profits made by the arms industry during the conflict. Option A is the correct answer.  

During the hearings, the committee led by Senator Nye documented the significant financial gains that arms manufacturers and other businesses had obtained during the war. This investigation aimed to uncover any potential economic motives or influences that may have influenced the decision for the United States to enter the war. By holding these hearings, Senator Nye and his committee sought to provide transparency and accountability regarding the United States' involvement in World War I, shedding light on the economic aspects of the decision-making process.

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The complete question is, "Who held hearings in the Senate regarding how the United States became involved in World War I?

a. Senator Gerald P. Nye

b. Norman Rockwell

c. Franklin Roosevelt

d. Adolf Hitler"

Is there more to the U.S. government executive branch than the President?

Answers

Executive Branch of the U.S. Government. The executive branch carries out and enforces laws. It includes the president, vice president, the Cabinet, executive departments, independent agencies, and other boards, commissions, and committees.

Many people have argued that when students get an education, this benefits our society as a whole. Think of at least three benefits to our society that come from having educated citizens. In your opinion, which of these benefits is the most important? Be sure to explain your reasoning.

Answers

Answer:

1. Healthier Lifestyle

2Experimentation and Diversity are a Benefit of Education:

3Pursuing Your Passion

4Personal Development of Skills

Many plants and animals in Korea and Japan live in the
a. coastal regions
C. deserts
b. middle latitude zones
d. all of the above
Please select the best answer from the choices provided
А
B
C
D

Answers

Answer:

the answer is B

Hope this helps you! <3

:)

The majority of people in Russia are
A. Buddhist
B. Christian
C. Jewish
D. Muslim
Please select the best answer from the choices provided
A
B
Ο Ο Ο Ο
С
D

Answers

B. Christian

A significant number of Russians are Christian, specifically Russian Orthodox.

Answer: The answer IS Christian got it right on the test

Explanation:

Hope it helps!

Why are trade barriers not always effective in accomplishing a country’s intended goal given the global scale and interconnectedness of modern trade?

Answers

Answer:

Because they hinder easy trading due to high taxes

Trade barriers not always effective because trade barriers can obstruct free trade, favor rich countries, limit choice of products, raise prices, lower net income, reduce employment, and lower economic output.

What are Trade Barriers?

Trade barriers are limits on international trade imposed by the government. Trade barriers, according to the principle of comparative advantage, are harmful to the global economy and reduce overall economic efficiency.

Trade barriers can block free trade, benefit affluent nations, limit product variety, raise prices, reduce net income, reduce employment, and diminish economic production. Due to the government's strong influence over the legislation, it is most usually employed as a trade barrier.

Therefore, A trade barrier is any rule or policy that inhibits international commerce, including tariffs, quotas, licenses, and so on.

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Governance is a process whereby senior management exerts strategic control over business functions through what Electromagnetic radiation is a kind of (1) ____________________ that behaves like a(n) (2) ___________________ as it travels through space. (3) __________________ is one type of electromagnetic radiation. Other examples include X-rays, radio waves, and microwaves. Perform the indicated operation. Be sure the answer is reduced. What is the quotient of 1. 782 x 109 and 8. 1 x 106 expressed in scientific notation? 19851986198719881991First summit meeting takes place betweenPresident Reagan and Soviet premier GorbachevSecond summit meeting takes place betweenPresident Reagan and Soviet premier GorbachevUnited States and USSR sign theIntermediate-Range Nuclear Forces Treaty (INF)President Reagan visits MoscowUnited States and USSR sign the StrategicArms Reduction Treaty (START)How did the events on this timeline affect the Cold War?OA. They reduced Cold War tensions by limiting the threat eachsuperpower posed to the other's security.OB. They led to a chilling of relations between the two superpowerswhen these diplomatic maneuvers proved unpopular with thepublic in both nations.OC. They increased Cold War tensions in Europe as both nationsincreased military aid to their allies to make up for lost nuclearweapons.OD. They had little impact, as the two superpowers shifted from thenuclear arms race back to a conventional arms race. 9.Choose the linear inequality that describes the graph. The gray area represents the shaded region.A. 4x y 4B. 4x + y < 4C. 4x + y > 4D. 4x + y 4 Solve using the quadratic formula. Show all work. Write each solution in simplest form. No decimals. Please awnswer the question below dentify the relationship between angles x and y A cross-shaped pattern is made by arranging four identical rectanglesaround the sides of a square, as shown in the diagram.The area of the square is 36 cm2.The area of each rectangle is one and a third times thearea of the square.Find the perimeter of the cross-shaped pattern.Show your working and state the units of your answer. What are examples of perfect square Trinomials? PLIS HELPThe total cost in dollars, y, that a t-shirt company charges can be modeled by the toes per day by the equation y = 5x + 62, where x represents the number of t-shirts sold. If they sell 74 shirts, what will the total cost be? what is the volume of this rectangular prism? (answer the picture) What are the parts of a paragraph what is the answer? Tech A says that one approved way to clean dust off brakes is with compressed air. Tech B says that some auto parts may contain asbestos. Who is correct Who would require more Calories to maintain their weight, and why? Person A: 6feet tall, 190 lbs, exercises for 30 minutes every day. Person B: 5 feet 6 inches tall,150 lbs, exercises 10 minutes every day. * What percent of Gregs gym attendance falls above a 90? Explain how waves and their interactions with matter are used in the operation of technical devices. (i.e. solar cells, scanners, and medical imaging)Explain energy transformationsExplain how electromagnetic induction is used in a simple motorRelate any other terms like, speed, acceleration, momentum, friction, forces, gravity will affect the motion of the device.Understand the 3 basic attributes of a PV cell. (Absorption of light, separation of charge carriers, and extraction of charge carriers to an external circuit.)I know it's a lot but I really need to pass this class and I have zero passion for physics, they forced me to take this class. If I had biology I would have loved it. but you know anyone who loves Physics is welcome :) What value of n makes the equation true? Show your work. What is an agreement among firms to divide the market, set prices, or limit production called? a price war collusion nonprice competition differentiation