CV

Financial Reporting

Ch 2 · Ind AS 115 — Revenue from Contracts with Customers

5 concept points · 3 formulas · 4 exam-critical points.

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Concept
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Chart Summary
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Formula Sheet
Important Points

🗺️ Chart summary

5-Step Revenue Model
   1. Contract identified?
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   2. Performance Obligations distinct?
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   3. Transaction Price (var + non-cash + financing)
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   4. Allocate based on SSP
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   5. Recognise: point in time / over time

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