78. If the outcome of rendering services cannot be estimated reliably, IFRS®
requires the use of which revenue recognition method?

Question

Vijayabharathi Kalyanasundaram (ACMA - INDIA) · Answer

As per IAS18, when the outcome of the transaction rendering of services can't be estimated reliably, revenue has to be recognised only to the extent of expenses recognised that are recoverable...

Mable Vincent · Answer

Revenue must be recognised only if it can be reliably measured.Hence, revenue recognition must be postponed.

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78. If the outcome of rendering services cannot be estimated reliably, IFRS® requires the use of which revenue recognition method?

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