Answered: would these be considered as a single…

would these be considered as a single performance obligation for financial accounting purposes (under AASB 15)? Or would they be considered separate performance obligations? why?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

If an airway has three services; flight transport, frequent flyer miles and ancillary services (any additional special service request (SSR) that can be requested to enhance a flight journey), would these be considered as a single performance obligation for financial accounting purposes (under AASB 15)? Or would they be considered separate performance obligations? why?

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