IFRS 15: Revenue from Contract with Customers (The 5 Step Approach with solved Sample Questions)

The amalgamation of IAS 11 Contract cost and IAS 18 Revenue gave birth to the International Financial Reporting Standard 15: Revenue from Contract with Customers. IFRS 15 prescribe the accounting treatment for Revenue and Contract cost. According to IFRS 15, one must follow the 5 step approach in accounting for revenue in the financial statement of the entity. This video provide detailed information and explanation of the concepts and principles in the standard as well as solved practical samples to augment the understanding of the standard.
Let's learn together in an environment that is conducive and convenient for all. Ronas: Comprehending the Complication.
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Пікірлер: 21

  • @ronasacademy
    @ronasacademy2 жыл бұрын

    Lets Learn Together

  • @cemile_0604
    @cemile_06042 ай бұрын

    Thank you from Azerbaijan 🇦🇿 perfect presentation

  • @crodiafosuah8605
    @crodiafosuah86054 ай бұрын

    i love how you involved every little thing inside

  • @danieldrinkbeer5204
    @danieldrinkbeer52042 жыл бұрын

    nice presentation

  • @patriciaenninful125
    @patriciaenninful1254 ай бұрын

    Thank you very much

  • @OmowunmiOlapade
    @OmowunmiOlapade Жыл бұрын

    Thank you so much, this was well-detailed and delivered excellently.

  • @ronasacademy

    @ronasacademy

    Жыл бұрын

    Thanks for the feedback.

  • @robertkamyeboah
    @robertkamyeboah Жыл бұрын

    Thank you

  • @ibrahimjahbir1953
    @ibrahimjahbir19536 ай бұрын

    THANKS YOU

  • @oghenekumeprosper1999
    @oghenekumeprosper1999 Жыл бұрын

    Well understood

  • @muhammadraza6665
    @muhammadraza6665 Жыл бұрын

    Thanks Is there any audit risk for selling refurbished product with regards to IFRS 15

  • @albertntem9181
    @albertntem91812 жыл бұрын

    Thank you.

  • @deborahjames3471
    @deborahjames34713 ай бұрын

    I’m lost..during the question under the step 3 How did you come about the ‘1/(1+0.10) raise to the power 2

  • @ronasacademy

    @ronasacademy

    3 ай бұрын

    That's the discounting factor. the 0.10 is the discounting rate, and the power 2 means it will take 2 years to pay. The rest are constant figures

  • @saviouradamah6085
    @saviouradamah6085 Жыл бұрын

    Thank you but can you please work on the background color for the question

  • @ronasacademy

    @ronasacademy

    Жыл бұрын

    Sure sir

  • @abdulmajidsufian6630
    @abdulmajidsufian66306 ай бұрын

    Not even a ‘’good day my lovely students’’

  • @veronicaeddecy6309
    @veronicaeddecy63092 жыл бұрын

    Thanks so much

  • @ronasacademy

    @ronasacademy

    Жыл бұрын

    we have a video on it already, check on the playlist ma

  • @cyasangamcyana8584
    @cyasangamcyana8584 Жыл бұрын

    Thank you

  • @ronasacademy

    @ronasacademy

    Жыл бұрын

    Thanks for your feedback

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