Câu Hỏi 

1
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According to IFRS 15, how many steps are there in accounting for revenue from contracts with
customers?

a.
6

b.
3

c.
5

d.
4

Câu Hỏi 2
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Đoạn văn câu hỏi
XY Company signed a contract to build a property for customers with a consideration of $20
million. If construction is completed on time, XY will receive a $5 million reward from the
customer. There is a 90% chance the construction is completed on time. What is the transaction
price related to the above contract?

a.
$18 mil

b.
$25 mil
c.
$20 mil

d.
$24.5 mil

Câu Hỏi 3
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Đoạn văn câu hỏi
Kien Tao construction company signed a construction contract with customer A, including the
following three construction items: classrooms, school grounds, and office buildings. The
amount will be paid according to each completed item. How many performance obligations are
there in the contract with customer A?

a.
3

b.
1

c.
2

d.
Other opinion

Câu Hỏi 4
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Đoạn văn câu hỏi
ABC Company offers a 12-month superfast broadband and modem equipment to customers for
$300, prepaid. Modem if purchased separately will cost $40, bandwidth package if purchased
separately costs $25/month. When is the transaction price allocated to the package providing
bandwidth to the customer?
a.
Immediately record $ 40 at the beginning of the contract with the customer, the rest is recorded over the
time of the contract

b.
At the end of 12 months

c.
As soon as receive the prepayment of $300 from customer

d.
Gradual recognition over a 12-month period

Câu Hỏi 5
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Đoạn văn câu hỏi
The main principle of IFRS 15 is that the entity will recognize (1) when transfer (2) to the
customer and receive the amount of reflection (3) that it expects.

a.
(1) revenue; (2) goods or services; (3) consideration

b.
(1) revenue; (2) goods; (3) consideration

c.
(1) income; (2) goods or services; (3) consideration

d.
(1) revenue; (2) goods or services; (3) the price of the good or service

Câu Hỏi 6
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Đoạn văn câu hỏi
Elecity sells machines to customer X worth $100,000 and provides free maintenance after 1
year of use. Elecity commits to customers to exchange if the machine has technical defects
within 3 months from the date of purchase. Elecity estimates that about $1,000 will be returned.
The journal entry recognizes revenue at the date of sale as:

a.
Other opinion

b.
Dr Cash: $99,000 / Cr Revenue: $99,000

c.
Dr Cash: $100,000 / Cr Revenue: $100,000

d.
Dr Cash: $100,000 / Cr Revenue: $99,000, Cr Liabilities: $1,000

Câu Hỏi 7
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Đoạn văn câu hỏi
Which of the following is an adjustment to a contract that is accounted for as a separate
contract?

a.
The goods added are not different from the goods in the original contract

b.
The added goods are distinct from those in the original contract, and the value of the contract increases in
proportion to the market price of the added goods.

c.
The additional goods are distinct from the original contract goods and the increased contract value is less
than the stand-alone sale price of the additional goods.

d.
The value of the contract increases in proportion to the market price of the added goods

Câu Hỏi 8
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Đoạn văn câu hỏi
Which of the statements is not true in recognizing revenue in accordance with IFRS 15?

a.
Revenue may not be recognized when not all significant risks and rewards have been transferred to a
third party

b.
When a licence is a right to access the entity’s intellectual property throughout the licence period, revenue
is recognized over time

c.
Revenue is recognized when the customer obtains control of the good or service

d.
Transfers of goods will typically be recognized at a point in time

Câu Hỏi 9
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Đoạn văn câu hỏi
What types of contracts are exceptions to IFRS 15 guidance?

a.
Lease and loan agreement

b.
Medical contract and audit contract

c.
Lease and insurance contract

d.
Medical contract and loan contract

Câu Hỏi 10
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Đoạn văn câu hỏi
According to IFRS 15, revenue will be recognized:

a.
At a point of time or over a period of time depending on the enterprise's choice

b.
At a point of time or over a period of time depending on the content of the contract with the customer

c.
Over a period of time

d.
At a point of time