I agree with Dr. Silvia about the evolution of Accounting for Revenue Recognition. I like the she clearly discussed that the guidance assumes that the performance obligation is satisfied at point in time. Thank you very much. I am inspired with her that's why I created, thru youtube, also some lecture on IFRS.
Silvia thanks for your clarity on IFRSs. I have a question how do you recognise and account for a sale of licence right to drink (juice) distributor. Giving them rights to sell the drink in that region exclusively for an unlimited period, the drink can be manufactured anywhere. However the the seller can also manufacture it for the buyer?
Your video is clear and much appreciated Silvia!Can I please ask how this IFRS15 would affect the university sector where the typical contracts are related to student fees and research fundings?Appreciate your reply on this matter. Thank you.
Thanks for sharing us the video. Our company's HQ is at Japan. They are asking About new "Revenue Recognition Standard". Recently many companies has introduced a new revenue recognition standard for convergence to IFRS 15 "Revenue from contract with Customers ". Did your company already have such a standard in effect as of Mar 2020? What answer should I reply to them???
U are a great simplifier ... :-) love to watch these simplified videos. Only things is some of ur videos are having a really low audio volume and some are good. If you could increase the volume of your videos it would be amazing... 😊
I'm looking at company balance sheet that lost 4.5 billion in equity value and their equity went negative when they moved to IFRS 15 because all the contract liabilities were added on their balance sheet. I'm just wondering how is that possible? Were they able to hide 4.5 billion (their whole equity value) amount of losses in the previous accounting standards?
Wow. Well, one way this can happen is that they accepted some advance payments from customers and booked them straight to revenues... although you can't do this under IFRS 15. But the whole equity value - that's WOW.
Superb, this channel is underrated
Very simple and easy to understand scope cover of IFRS 15. Some practical examples would've come in handy. Good job :)
Thanks SILVIA. One of the complex Standard has been explained in brief. I'm expecting IFRS 16 summary.
I agree with Dr. Silvia about the evolution of Accounting for Revenue Recognition. I like the she clearly discussed that the guidance assumes that the performance obligation is satisfied at point in time.
Thank you very much. I am inspired with her that's why I created, thru youtube, also some lecture on IFRS.
Hi Silvia ..
Your lectures are just superb in these vedios. Keep up the excellent work.
Very Nice presented Video Silvia.. Good theoretical explanation.. It will be excellent if you can end with examples for the same.. Thxs..
Does this IFRS15 include calculations?
Hi Silvia, i love your IFRS vids. Thank U a lot off. God bless U.
Great discussion, made the standard very clear now
Silvia thanks for your clarity on IFRSs. I have a question how do you recognise and account for a sale of licence right to drink (juice) distributor. Giving them rights to sell the drink in that region exclusively for an unlimited period, the drink can be manufactured anywhere. However the the seller can also manufacture it for the buyer?
Hi Silvia are you planning to include IFRS 17 in your presentation
Your video is clear and much appreciated Silvia!Can I please ask how this IFRS15 would affect the university sector where the typical contracts are related to student fees and research fundings?Appreciate your reply on this matter. Thank you.
God bless you, thank you it helped me a lot
Great work keep doing it
Thanks for sharing us the video. Our company's HQ is at Japan. They are asking About new "Revenue Recognition Standard".
Recently many companies has introduced a new revenue recognition standard for convergence to IFRS 15 "Revenue from contract with Customers ".
Did your company already have such a standard in effect as of Mar 2020?
What answer should I reply to them???
This is really good explained. Thanks Silvia 👍
Thank you so much Silvia
Thank you for educational videos - they are quite concise yet informative. I'm curious to know what software do you use to create these videos.
Thanks very much well explained!!
Good work.. Silvia
Nice presentation. But the audio of the video is a bit low even if my phone's volume is in max.
Very nice presentation, its very helpful
U are a great simplifier ... :-) love to watch these simplified videos. Only things is some of ur videos are having a really low audio volume and some are good. If you could increase the volume of your videos it would be amazing... 😊
great as always, thank you very much
Thanks explained beautifully
Nice presentation and very useful
Thanks and love from Bangladesh. But can u pls come up with example along with presentation in the financial statements.
Could you explain details about stand alone price
Thank you so much
WOW, Very well explained, Thank you for sharing such a wonderful video.
Thanks a lot !
Useful and informative. Thank u
please upload IFRS-14
excellent !
Hi Silvia,
Is there any written document is available for reference
I'm looking at company balance sheet that lost 4.5 billion in equity value and their equity went negative when they moved to IFRS 15 because all the contract liabilities were added on their balance sheet. I'm just wondering how is that possible? Were they able to hide 4.5 billion (their whole equity value) amount of losses in the previous accounting standards?
Wow. Well, one way this can happen is that they accepted some advance payments from customers and booked them straight to revenues... although you can't do this under IFRS 15. But the whole equity value - that's WOW.
Awesome 👏 thank you
Awesome and simple,Thanks for sharing
Mehtab Hassan úý
Great videos you have. How do you do the animations?
All the best. : - )
thank you- very helpful
thanks for video.
Thats very simple, thank you
Hi Silvia, keep up the great contents! Would love to see a video explaining IAS 41
Excellent
Thank you ~
Great! It is Very nice.
Excellent. Thanks.
But this video sound is lower than the other video's sound 🔊
Oh, I'm sorry, I'll try to improve that in my future videos!
I thought I had a problem.
please share example here
Thank you
Great!
Why did they change the statement from “risks and rewards” to “control”?
to conform to the new definition as asset.. risk and rewards are only few indicators of control.
Best video ever! it's useful to me. Thank you very much!
Thank you❤️
leases are IFRS 16 :)
Character In the video It's great, I like it a lot $$
I need a video on IAS 2
Its not IFRS 118 ?
The older standard was IAS 18. The new one is IFRS 15.
Do you have an app?
Not yet, working on it!
Very low sound but very informative
Best video ever!
You're hoooooot!!!!!
Voice is too low
Thank you so much Silvia
Thank you ❤
Thanks a lot 👍
Thank you
Thank you so much Silvia