Скачать или смотреть IFRS 15: Revenue from Contracts with Customers | Spectrum Auditing

In this comprehensive session, industry veteran Ravi Kumar Vadlamani (CA, CPA) and Sai Kumar Kaku (CA) dive deep into "IFRS 15: Revenue from Contracts with Customers". With over 28 years of experience, Ravi explains why revenue recognition remains one of the most scrutinized areas by the SEC and a high-risk zone for financial fraud.

This video breaks down the transition from IAS 18/11 to the modern "five-step model", providing practical insights into complex accounting scenarios, audit pitfalls, and documentation best practices.

---

Key Topics Covered
The 5-Step Model: A foundational walkthrough of identifying contracts, performance obligations, and transaction prices.
Transaction Price & Allocation: Moving from "Fair Value" to "Standalone Selling Price," including how to handle variable consideration, rebates, and non-cash components.
Bundling & Performance Obligations: How to determine if services should be treated separately or combined, featuring real-world examples in construction and service sectors.
Financing Components: Accounting for interest income and the time value of money when payments and performance don't align.
Principal vs. Agent: Critical criteria for determining whether to record revenue on a gross or net basis.
Specialized Scenarios: Deep dives into "Bill and Hold" arrangements, 'Consignment' accounting, and the nuances of "Warranties".
Audit & Compliance: Common pitfalls in revenue misclassification and how to prepare documentation that stands up to auditor scrutiny.


Don't forget to Like, Subscribe, and hit the Notification Bell for more deep dives into international accounting standards!

Spectrum Auditing is a Dubai, UAE based auditing, assurance, tax, accounting and consulting firm with offices in India and Oman and partners across the world. Visit:

www.spectrumaccounts.com

#spectrum #spectrumauditing #spectrumaccounting #dubai #UAE