IFRS 15 Summary - IFRS 15 Revenue from Contracts with Customers || Financial Reporting Lectures

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  • Опубліковано 30 жов 2024

КОМЕНТАРІ • 9

  • @MSLBusinessSchool
    @MSLBusinessSchool  3 роки тому +3

    Chapters/Timestamps:
    0:00​ - Channel Intro
    0:14​ - Brief Overview & History of IFRS 15
    1:05​ - Superseded Standards & Interpretations
    1:47​ - Objective & Scope of IFRS 15
    3:31 - Partial IFRS 15 Scope Coverage
    4:21 - The 5-Step Model Framework
    5:35 - Step 1 (Identify the Contract with the Customer)
    6:44 - Contract Modifications
    7:43 - Step 2 (Identify the Performance Obligations in the Contract)
    9:26 - Step 3 (Determine the Transaction Price)
    11:22 - Step 4 (Allocate the Transaction Price to the Performance Obligations in the Contract)
    13:20 - Step 5 (Recognise Revenue when (or as) the Entity Satisfies a Performance Obligation)
    15:26 - Contract Costs
    17:06 - Presentation in Financial Statements

  • @josephgyimah7003
    @josephgyimah7003 3 роки тому +7

    Great work MSL

  • @jacobobiazo3879
    @jacobobiazo3879 8 місяців тому

    Great insight

  • @tikaramguragain272
    @tikaramguragain272 3 роки тому +7

    Useful

  • @Wazalendo_du_Zaïre
    @Wazalendo_du_Zaïre 3 роки тому +3

    Very helpful revision.
    Thank you for the timestamps 💯🙌🏽

    • @MSLBusinessSchool
      @MSLBusinessSchool  3 роки тому +2

      Hello David. I’m glad this was of help to you. And on the time stamps, I’m only putting myself in the viewers’ shoes (finding what exactly you’re looking for as quickly as possible). Great to hear you found them useful

  • @chelseatibanye5914
    @chelseatibanye5914 2 роки тому

    this is a good video but I'd like to point out that it felt as if i was being read the standard and not being taught. I'd really appreciate it if you can explain some of the things you say. Thanks