IFRS-15 - Accruals on Delivery |
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Prior to this release, Agiblocks would not produce accruals for a delivery when the final price would not yet be known. As of know the accruals will be produced immediately when execution of a delivery to or from a counterparty is recorded in the system.
In case the final price is not yet known, at that moment the estimated price on the cost sheet is updated based on the latest market prices, and this estimate will be used to make the accruals. On any update of this estimate, the accruals will also be updated.
For accruals based on estimated prices new posting profiles have been added in order to make them distinguishable from the other accruals. The name of these profiles are:
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