Lesson · IFRS 15
Step 5: over time versus point in time
Test a performance obligation against the three over-time criteria in IFRS 15.35.
13 minutes Standard as at 13 October 2026
What you will be able to do
- Test a performance obligation against the three over-time criteria in IFRS 15.35
- Measure progress towards complete satisfaction and recognise revenue over time
- Apply the control indicators in IFRS 15.38 to fix the point in time when control passes
- Present the resulting revenue and contract liability for a contract with both kinds of obligation
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IFRS and SAM, one requirement at a time
Each week you get the Institute's new articles: one requirement of IFRS 17, IFRS 9, IFRS 15, IFRS 18 or SAM, worked on a South African case. You start with the free IFRS 18 readiness checklist, ten areas to work through before IFRS 18 takes effect, each with its paragraph reference.