IFRS 15 - Revenue from Contracts with Customers

Master IFRS 15 revenue recognition by applying the five step model, understanding performance obligations and transaction price, and assessing transfer of control in common transactions.

learn the five steps model under IFRS 15 to identify contracts, identify performance obligations, allocate transaction price, and recognize revenue as obligations are satisfied, including over a period of time.

Learn the five steps model of IFRS 15, starting with identifying the contract and its existence. Identify performance obligations, rights, payment terms, and whether each obligation is distinct and identifiable.

In the IFRS 15 five-step model, step three determines the transaction price, including variable consideration, financing components, non-cash consideration, and refunds, with methods like probability-weighted or most likely outcomes.

Explain how IFRS 15's five-step model handles significant financing components by discounting future payments to present value and recognizing the difference as finance income.

Discuss IFRS 15’s five-step model, focusing on non-cash consideration and fair value for the transaction price, and explain consideration payable to customers like discounts and rebates.

Apply the five steps model of IFRS 15 to allocate the transaction price among performance obligations, using standalone selling price and a vehicle plus service example to illustrate proportional discounting.

Master the five steps model of IFRS 15 to recognize revenue as performance obligations are satisfied, identifying contract, control transfer, and time of recognition. Compare output and input measurement methods.

Explore IFRS 15 concepts through a discount allocation example, handling multiple performance obligations—delivery of equipment and 40-year maintenance—using pro-rata allocation based on stand-alone fair values.

Apply IFRS 15 by recognizing revenue net of expected returns using historical data to set a refund liability and right to return asset, and adjust cost of sales accordingly.

Explains the five steps of IFRS 15, using a variable consideration example with discount allocation, and shows revenue recognition on delivery and over time for two obligations.

Discover how IFRS 15 allocates discounts across bundled performance obligations using standalone prices, and recognize revenue for car delivery and service over time with deferred revenue.

This lecture demonstrates IFRS 15's treatment of revenue with a significant financing component using present value and a discount rate, and the related finance income, including unwinding over time.

Explore IFRS 15 case study on variable consideration, right to return goods, refund liabilities and assets, cost of sale adjustments, and allocation of discounts in two-component transactions.

Explore IFRS 15 revenue recognition for a fixed 1.5 million contract with a 110 thousand bonus, considering 65 percent completion and a post year-end non-adjusting contract modification.

This lecture explains significant financing component under IFRS 15 when a customer pays in advance, using a five percent rate for time value of money, contract liability, and financing income.

Explain IFRS 15 principles for revenue from contracts with customers, identifying contracts and performance obligations in distinct versus integrated packages. Apply collectability assessment to determine revenue recognition.

Explore IFRS 15 revenue recognition for a time-based government contract, calculate present value and significant financing component, and recognize revenue and financing income over three years.