FRC-Financial Research Center

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17/12/2022

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11/01/2020

Earnings Per Sahre IAS 33
The EPS calculation is made by dividing Profit after Tax, to the ordinary shareholders by the weighted avarage number of ordinary shares of outstanding in the period.

26/10/2019

3. Measuring Progress Towards Completion
a) Output Methods
b) Input Methods
c) Cost Recognition
Output Methods- recognize revenue on the basis of the value to the customer of the goods or services transferred to date relative to the remaining goods or services promised.
Input Methods- recognize revenue on the basis of the efforts or inputs to the satisfaction of the performance obligation relative to the total expected inputs.
Cost Recognition- Costs associated with a contract whose performance obligation is satisfied over time are expensed as and when they are incurred, they are not recognized on a proportional basis. Therefore, if revenue is measured using an output method, profit recognition will be volatile for contracts that straddle two or more accounting methods.

05/10/2019

IFRS 15-Revenue from Contracts with Customers
Recognition Procces:
a).Identify the contracts with the customer
b).Identify the separate performance obligations
c).Determine the transaction price
d). Allocate the transaction price to the performance obligation
e).Recognize revenue when, a performance obligation is satisfied.

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