CAF-6 · Chapter 5 · Question 12 of 15
Assurance-type warranties (that the product complies with agreed specifications) are accounted for under:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) IAS 37 as a provision.
Explanation
Assurance-type warranties provide a guarantee of quality and are accounted for as provisions under IAS 37, not as separate performance obligations under IFRS 15.
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