Which of the following is true regarding the International Financial Reporting Standards (IFRS)?

The International Public Sector Accounting Standards Board regulates public sector entities and is developing a set of accounting standards which closely mirror IFRS Accounting Standards. Which of these is the main concept which needs to be introduced into public sector accounting?

A company offers its customers an accessory for the equipment that it sells. The company does not manufacture the accessory itself, but has an agreement with the manufacturer to sell the accessory on the manufacturer's behalf. The company places the order with the manufacturer and the manufacturer delivers the accessory directly to the customer. The customer pays the company for the accessory and the company then deducts a 3% commission before paying the manufacturer. An accessory is delivered to a customer, which the customer has accepted and will pay $50,000. Which of the following correctly describes how the company should recognise this transaction under IFRS 15?