Accounting · IFRS 15 - Transaction Price Allocation
Under IFRS 15, where each performance obligation is satisfied at a point in time, how should the total transaction price be allocated across performance obligations?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Based on the manufacturing cost of component parts at agreement date.
- 2Allocated solely to the goods with the remainder spread over time.
- 3Relative to the stand-alone selling price of each component at contract inception.✓
- 4Equally over the period from contract agreement to completion.
Correct answer
Relative to the stand-alone selling price of each component at contract inception.
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