IFRS-15 - Accruals on Delivery

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Accruals will be produced immediately when execution of a delivery is recorded in the system.

 

In case the final price is not yet known, Agiblocks uses the estimated price on the cost sheet. It is updated based with the latest market prices and this estimate will be used to make the accruals. On any update of this estimate, the accruals will also be updated.

 

For accruals based on estimated prices there are separate posting profiles in order to make them distinguishable from the other accruals. The name of these profiles are:

 

PURCH_INVENT_ACCR_UNPRICED
PURCH_INVENT_ACCR_UNPRICED_REV
SALE_DELIV_ACCR_UNPRICED
SALE_DELIV_ACCR_UNPRICED_REV