HKAS 18 :Revenue

QUIZ: Fun

• Q1 Not recognized. No economic inflow • Q2 Contingent rent; Actual figure happen-

recognized; Estimated figure – not recognized• Q3Not recognized, No transfer significant risks

and rewards• Q4 Not recognized. Recognized when the

refund period is end.• Q5. Recognized: significant risks and rewards

of ownership• Q6Recognized. Transfer significant risk and

reward.

• Q7Not recognized. It is not probable that the economic benefits will flow to the entity; and

• Q8 Recognized .it is probable that the economic benefits will flow to the entity; and

• Q9Answer: expense (provision for Bad debt)• Not adjust the original revenue originally

recognized• Q10 Not recognized. Cost cannot be

measured reliably.

• Q11 Answer:Dr Bank Cr Deferred revenue -liability- FP

• Sales of goods not recognise.• Rendering of service :revenue shall be

recognised only to the extent of the expenses recognised that are recoverable可補償的 .

• Q12 No profit is recognised. (eg.sales$10 cost $10) This answer is for rendering of service only.

• Rendering of service :revenue shall be recognised only to the extent of the expenses recognised that are recoverable可補償的 .

• Q13 Revenue is not recognised and the costs incurred are recognised as an expense.

• Q14 Only the post-acquisition portion is recognised as revenue

• Q15 When dividends on equity securities are declared from pre-acquisition profits, those dividends are deducted from the cost of the securities.