ASPE CPD (1)

ASPE CPD
Service and long-term contracts - correct answer-3400 - Revenue
.16 Revenue recognized using either % complete or the completed contract
.17 percentage of completion
.18 Completed contract

Assets held for sale - LLA sold by sale - correct answer-3475 - Disposal of LLA and
Discontinued Operations
.08 - Classification - six criteria
.13 - measurement
.33-35 - Presentation

Assets held for sale - other than by sale - correct answer-3475 - Disposal of LLA and
Discontinued Operations
.04 - Classifcation

Government assistance - correct answer-3800 - Government Assistance
Non-capital items
.17 - Current E&R
.20 - Future period
Capital
.22 - Two options

Revenue recognition - correct answer-3400 - Revenue
Revenue is recognized when performance is complete, consideration is measurement,
provided at the time of performance ultimate collection is reasonably assured

.07 - Performance

Returns - correct answer-3400 - Revenue
.07 - sellers' price to buyer not met
.21b) returns

Gross vs net - correct answer-3400 - Revenue
.23 - Gross inflows
.24 - evidence of principal and agent
Principal - gross
Agent - net
Net NI effect

PPE - correct answer-3061 - PPE
.03A - 3 criteria

Liability - correct answer-1000.29 - 3 criteria