SBR syllabus

This question was well answered.

Well-prepared candidates discussed the stand-alone selling prices and how to arrive at them either directly, or indirectly using the information given.

Stronger candidates discussed each item in the package, the relevant part of IFRS 15, and how this applied to the calculation.

The candidates who performed best saw that the combined stand-alone prices were more than the total price being charged and moved on to allocate the transaction price on a proportionate basis between the items. This was both discussed and shown through a calculation.

Weaker candidates often started their answer with the IFRS 15 “five steps” or regurgitated everything they knew about IFRS 15. Whilst marks are available for IFRS 15 rules and principles, marks are only awarded if these are relevant to the
scenario.

Weaker candidates often got confused between a mark-up and a margin and therefore made calculation errors.

In conclusion, it was good to see some strong performance with some candidates scoring maximum marks.