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

🧮 Formula sheet

  1. 1.Allocation = Total Tx Price × (SSP of PO / Sum of all SSPs)
  2. 2.Over-time progress: input method (cost-to-cost) or output method
  3. 3.Financing component if >12 month gap between payment & transfer

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