Learn when to account for contract asset vs. trade receivable decide based on ONE factor.
Please note for the sake of simplicity we are simply assuming here that the performance obligation is satisfied OVER TIME, not at the point of time (despite the fact that the call centre was handed over at the end of the project). This is not the main focus of this video. Thanks!
*Online IFRS course by Silvia, CPDbox: https://www.cpdbox.com/ifrskit/'>https://www.cpdbox.com/ifrskit/
*Subscribe to Silvia's free newsletter: https://www.cpdbox.com/