IFRS 15 | Revenue Recognition| Revenue From Contract with Customers | IFRS Lectures

[@jonathandelosreyes9433]

Very well explained! Thanks Mr. Farhat!

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[@sagarraval4622]

Excellent explanation of RR love it Sir

[@AccountingLectures]

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[@echoxerk]

Thank you very much! I understand IFRS 15 better now that it is condensed in this video... I am a 3rd year student right now about to take my prelims exam hahaha

[@echoxerk]

This was very helpful. I will share this to my classmates as well

[@AccountingLectures]

Please make sure to do so

[@peterondara9333]

Very good job 👏

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[@GermanyVsPoland]

You are a great teacher

[@AccountingLectures]

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[@Ppivaso]

Don't regret downloading your lecture❤

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[@melusimabuza8814]

Thanks, U did well. I have better understanding now

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[@liberatusterentiusrugumisa6711]

So great, I always like your presentations.

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[@gladyskayebeta761]

Well done sir,looking forward to more lectures

[@AccountingLectures]

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[@positivevibes5079]

Very informative and impressive lecture

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[@prashantkumar.c9386]

i watched three times and i got it completely.

[@unarinemudzanani9992]

Very much helpful

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[@zidnatsaqila6328]

Thanks for the explanation!

[@AccountingLectures]

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[@santoshkumarsahu2436]

Thank you so much for such a wonderful video

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[@des5166]

well explained !

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[@georgecortezee6091]

SO GREAT ALWAYS
EXCELLENT EXPLANATION
THANK YOU.VERY VERY MUCH
BRASIL
RIO DE JANEIRO CITY

[@AccountingLectures]

Most welcome from Philadelphia 🇺🇸

[@ronaksinghvi7462]

Nice. Need a detailed lecture for each step for IFRS 15

[@savviemandoh2740]

Best ever

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[@bob6168able]

Excellent!

[@houssienymohammed1361]

Thanks for your efforts Mr Farahat

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[@aaroacademy]

Thank you, this lesson is very valuable!

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[@reynardonainggolan1298]

awesome!

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[@menotme6523]

Gosh I wish I could retain all this information in my limited memory.😔

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[@yandhi4202]

Are the five steps listed explicitly in the handbook?

[@yandhi4202]

i dont see it like step 1 step 2 to step 5 listed one by one, but rather you woudl have to seek out each - is that correct? thank you!

[@tamleduy4524]

How can i get the ifrs examples to clarify the content. Tks for sharing the link

[@opethelotuseater]

Nice and easy to understand lecture. Although i have a doubt regarding weighted probability approach in Peabody construction example. 100k is fixed revenue whereas 50k is variable. Then shouldn't the probability be applied on only 50k because 100k is not time bound revenue.

[@alegremohammadallem6993]

Actually he did apply it, he got the 10% of 50,000. But this is correct in any way (including the 100,000) because the probability pertains to COMPLETION, which in that case includes the fixed payment + bonus applicable. Technically if it is completed, 100,000 is automatically recognized.

[@alegremohammadallem6993]

And even though you add that 100k or not, the result will be the same because it has the 50,000 amount. Example, 50% Completion, you get the 50% of 50,000=25,000. Since it is COMPLETED, you will still add the fixed amount.

[@AmitSharma-ts8cs]

I have one question of invoice issued but revenue not recognised then how do we do accounting for invoice

[@AccountingLectures]

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[@aboelbashasha]

Please mr farhat we need lectures about CMA if it possible

[@ThuRa-pj8uy]

management accounting

[@idharudharkibaate8855]

where are the journal entries ??

[@TheCorporate07]

Waste of time with all respect. no journal entries !

[@ronakmaheshwari2305]

Ind As and IFRS are somewhat same?

[@rakeshsati5454]

How will revenue recognition differ if contract., eg project, specify invoicing timeline which are not in line with completion of performance obligations? For example an Annual Maintenance Contract stipulate 100% invoicing upon completion of AMC period, which falls into next financial year.

[@alegremohammadallem6993]

Since invoicing will be present in future date. Cost recovery method is applicable. But the amount is measurable/reliable so technically, cost to cost or POC is still used. I think you accrue your incurred cost per period until completion.

[@ruchikadara1831]

In example of peabody, for calculation of transaction price, 100000 should be fixed and 50000 should be variable for which we should have used probability. Because in 100% cases, we will get 1 lac.
Please help me with this confusion!

[@amrabonawareg9327]

Where's journal entires??

[@FaizShakir691]

❤❤❤❤❤❤

[@gagansachdeva8231]

Please help me in these two questions
Qst:1
Invoice Issued in Aug-20 50000USD
Service provided in Sep-20 30000USD
How much revenue will be recognised in Aug-20 and Sep-20 and how much will be the working capital in Aug-20 and Sep-20
Second Qst :
Invoice Issued in Aug-20 50000USD
Service provided in Aug-20 30000USD
How much revenue and Working capital would be recognised in Aug-20
Kindly help me in it

[@AliKhan-om6yd]

I am a good English speaker, who can understand and communicate well ... But here the speed of deliverance is awfully fast, which won't fetch a durable outcome from this lecture. The lecturer is undoubtedly awesome but needs more improvements Regards

[@AccountingLectures]

Slow me down via UA-cam to .75.
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[@subashdai]

You might be a good english speaker but you are not much of a listener. The speed of this lecture is absolutely fine.

[@muhammadtalha-oj1os]

It's a half lecture of ifrs 15

[@TanvirTanim]

Are you rocket? 😪😳