judge Finance Ppl: Ind AS



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Showing posts with label Ind AS. Show all posts
Showing posts with label Ind AS. Show all posts

Revenue recognition in case of warranty contracts

Revenue recognition in case of warranty  contracts  It is common for an entity to provide warranty in  c onnection with the sale of a produc...
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Revenue recognition basis for fee type chaarges

Revenue recognition basis for income in nature of fees A. Non-refundable upfront fees  Non-refundable upfront fee generally relates to a) An...
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Revenue recognition in case of alternate arrangements

Revenue recognition in case of alternate arrangements  Consignment arrangements: Meaning:  When an entity delivers a product to another part...
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5 points for revenue recognition

5 points for revenue recognition Step 1: Identify Contract with the Customer An entity shall account for a contract with a customer, only wh...
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Allocation of a discount -Ind AS 115

Allocation of  discount Discount recognition: Customer is said to have received volume discount for purchasing a bundle of items,  if sum ...
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Performance obligation Satisfied over time and at satisfied at a Point in time

Performance obligation Satisfied over time  Vs satisfied at a Point in time A performance obligation is said to be satisfied over time, even...
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