Скачать или смотреть ACCA F7 Revenue from Contract with Customers IFRS 15 Lecture 2

IFRS 15 Explained | Step 4 & Step 5: Allocate Transaction Price & Recognize Revenue

In this video, we explain the last two stages of IFRS 15 – Revenue from Contracts with Customers, focusing on how entities allocate the transaction price and recognize revenue in practice.

🔹 Step 4: Allocate the Transaction Price
We discuss how the transaction price is allocated to each performance obligation based on relative stand-alone selling prices. The video also explains how to deal with discounts, variable consideration, and changes in transaction price.

🔹 Step 5: Recognize Revenue
We explain when and how revenue is recognized—either over time or at a point in time—once performance obligations are satisfied. Practical examples are used to show how control transfers to the customer and how revenue is measured and recorded.

📌 What you’ll learn:

How to allocate transaction price correctly under IFRS 15

Treatment of discounts and variable consideration

Criteria for recognizing revenue over time vs point in time

Common mistakes and audit focus areas

Practical examples and real-life applications

🎯 Who this video is for:
Accounting students, finance professionals, auditors, internal auditors, and anyone preparing for exams or interviews involving IFRS 15.

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