IFRS 15: Revenue from Contract with Customers (The 5 Step Approach with solved Sample Questions)

The amalgamation of IAS 11 Contract cost and IAS 18 Revenue gave birth to the International Financial Reporting Standard 15: Revenue from Contract with Customers. IFRS 15 prescribe the accounting treatment for Revenue and Contract cost. According to IFRS 15, one must follow the 5 step approach in accounting for revenue in the financial statement of the entity. This video provide detailed information and explanation of the concepts and principles in the standard as well as solved practical samples to augment the understanding of the standard.
Let's learn together in an environment that is conducive and convenient for all. Ronas: Comprehending the Complication.
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[AMANYABITAKARAMIRE]

Great to be part of u Sir
Ronas
From Uganda

[cemile_]

Thank you from Azerbaijan 🇦🇿 perfect presentation

[crodiafosuah]

i love how you involved every little thing inside

[OmowunmiOlapade]

Thank you so much, this was well-detailed and delivered excellently.

[muhammadraza]

Thanks
Is there any audit risk for selling refurbished product with regards to IFRS 15

[deborahjames]

I’m lost..during the question under the step 3
How did you come about the ‘1/(1+0.10) raise to the power 2

[saviouradamah]

Thank you but can you please work on the background color for the question

[abdulmajidsufian]

Not even a ‘’good day my lovely students’’