IFRS 15 for Beginners: Revenue Recognition Examples 

IFRS : Revenue From Contracts With Customers
This video is a short summary of IFRS 15. If you need to learn more, please visit our website for great discussion with many practical advices on this standard.
PDF download link:
www.linkedin.c...
The contents:
- Guidance on revenue recognition
- Scope of IFRS 15
- 5-step model for revenue recognition: Short overview
- Step 1: Identify the contract with the customer
- Step 2: Identify the performance obligations
- Step 3: Determine the transaction price
- Step 4: Allocate the transaction price to the performance obligations
- Step 5: Recognize revenue when/as the entity satisfies PO
This is just the short executive summary of IFRS 15 and does NOT replace the full standard - you can see the full text on IFRS Foundation's website.
Tags:
#IFRS15 #RevenueRecognition #AccountingStandards #FinancialReporting #IFRS #Accounting #Finance #Business #FinancialEducation #Revenue #Contracts #IFRSExplained #AccountingPrinciples #IFRS15Guide #RevenueFromContracts #FinancialCompliance
*🔔 Stay Updated:*
Hit the bell icon to get notified about our latest videos. Keep learning and stay ahead in your finance journey with our concise tutorials!
Got questions or need further assistance? Connect with me directly on WhatsApp for personalized support and more insights. Click the link below to start chatting:
WhatsApp: +8801990879601
Looking forward to hearing from you!
Connect with me on LinkedIn:
/ md-shahid .
Instagram Account: https: // rahul_chowdhury01
Facebook: / chowdhuryrah. .
#revenuerecognition #revenue #ifrs15 #ifrs #RevenuefromContractswithcutomers #IFRS15contractmodification,