IFRS 15 - Revenue Recognition (Review)

Brief criteria review for "IFRS 15 - Revenue Recognition". CPA Canada Core 1 Review. IFRS 15 Criteria: 1) Identify the contract. 2) Identify the performance obligations. 3) Determine the transaction price. 4) Allocate the transactions prices to each performance obligation. 5) Recognize revenue once each performance obligation is met.