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.
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Thank you from Azerbaijan 🇦🇿 perfect presentation
i love how you involved every little thing inside
nice presentation
Thank you very much
Thank you so much, this was well-detailed and delivered excellently.
@ronasacademy
Жыл бұрын
Thanks for the feedback.
Thank you
THANKS YOU
Well understood
Thanks Is there any audit risk for selling refurbished product with regards to IFRS 15
Thank you.
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
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
Thank you but can you please work on the background color for the question
@ronasacademy
Жыл бұрын
Sure sir
Not even a ‘’good day my lovely students’’
Thanks so much
@ronasacademy
Жыл бұрын
we have a video on it already, check on the playlist ma
Thank you
@ronasacademy
Жыл бұрын
Thanks for your feedback