IFRS 15 Revenue from Contracts with Customers | Complete Guide (25 Minutes) скачать в хорошем качестве

IFRS 15 Revenue from Contracts with Customers | Complete Guide (25 Minutes)

Master IFRS 15 — Revenue from Contracts with Customers with this clear, exam-focused walkthrough. We cover the contract criteria (PPCP), the 5 step revenue model, how to decide over-time vs point-in-time recognition, contract assets vs liabilities, variable consideration (returns & refunds), bill-and-hold and sale/repurchase, costs to obtain/fulfill, significant financing components, warranties, and practical journal entries. What you’ll learn ✅ The definition and contract criteria (P.P.C.P) for IFRS 15 ✅ The 5 steps of revenue recognition (identify contract → recognize revenue) ✅ When revenue is recognized over time vs at a point in time (3 conditions) ✅ How to handle contract modifications and distinct performance obligations ✅ Variable consideration methods (Expected value vs Most likely amount) and applying the constraint ✅ Accounting for returns, refunds and right-to-recover inventory ✅ Bill-and-hold & sale with repurchase — recognition & liabilities ✅ Costs to obtain / fulfil a contract — capitalize or expense rules ✅ Contract asset vs contract liability calculation and examples ✅ Significant financing components — present value and unwinding interest ✅ Warranty accounting: assurance vs service-type warranties (JE guidance) ✅ Practical exam tips & worked examples Exam Tips Always state which step of the 5-step model you’re referring to. When asked about recognition, say over time if any one of the 3 conditions is met (give an example). For variable consideration, name both Expected Value and Most Likely Outcome, then apply the constraint. For bill-and-hold and sale/repurchase, list the required conditions before concluding. For costs to obtain, clearly say whether incremental costs are capitalized and amortized.