Table of Contents
Introduction
What is the Transaction Price?
o Variable Consideration
o Constraining estimation of variable consideration
o Significant Financing Component
o Non-cash Consideration
o Consideration payable to a customer
Introduction
Ind AS 115 Revenue from Contracts with Customers talks about revenue recognized in financial statements. There is a 5-step model to recognize the…
Table of Contents
Introduction
Promises in contracts with customers
Distinct goods or services
Introduction
Ind AS 115 Revenue from contracts with Customers talks about revenue recognized in financial statements. There is a 5-step model to recognize the revenue. Here we will talk about Step 2 of such a model, i.e., identifying the Performance…
Table of Contents
Introduction
Criteria for recognizing a contracts
Term of contracts
Combining Contracts
Modification of Contracts
Introduction
Ind AS 115 Revenue from contracts with Customers talks about revenue recognized in financial statements. There is a 5-step model to recognize the revenue. Here we will talk about Step 1 of such a model, i.e.,…
