6.1 State the nature of revenue and expenses   

6.1.1 Define income/revenue   

6.1.2 Identify the category of income/revenue   

6.1.3 Define expenses   

6.1.4 Identify the category of expenses   

6.2 Provide the discussion on the recognition and measurement of revenues under MFRS 15 (MPERS: Section 23) 

6.2.1 Explain the recognition criteria:   

a. Identifying the contract  

b. Combination of contracts  

c. Contract modifications 

d. Identifying performance obligations 

e. Satisfaction of performance obligations  

6.2.2 Ascertain the measurement:

a. Determining the transaction price 

b. Allocating the transaction price to performance obligations 

c. Changes in the transaction price 

6.2.3 Show the relevant accounting treatments 

6.3 Provide the discussion on the recognition and measurement of expenses 

6.3.1 Explain the recognition criteria  

6.3.2 Ascertain the measurement  

6.3.3 Show the relevant accounting treatments 

6.4 Show the presentation of revenues and expenses in Financial Statements