GROUP PROJECT (15%) REVENUE RECOGNITON BUS 4143-IFRS (IAS 11 & 18) INTRODUCTION: Group in from 2-3 students take on a project to study the revenue recognition from business with reference to IAS 18 and IAS 11. LEARNING OUTCOME: CLO 4- Recommend an accounting treatment for selected issues on financial reporting METHOD OF ASSESSMENT: The assessment criteria require application of skills and knowledge acquired to recognize and account for revenue in given scenario. PROJECT DESCRIPTION: This project is introduced to enable students to recognize revenue under different circumstances or scenarios and from different businesses. The objective of the project is to apply theoretical knowledge gained in initial recognition, measurement, subsequert measurement and disclosure as per IAS 18. Students can use the notes and exercises that have been provided as well as add more information from textbooks or the Internet. OTHER: Submission Mode: Hard Copy and Safe Assign Drop Box Font: Size 12 - Type: Times New Roman Due date: to be submitted as hard copy on Wednesday 22nd of November 2017