IND AS 115 Revision | CA Final FR | Revenue from Contracts with Customers | By CA Ajay Agarwal AIR 1

[@ca_rohitbajaj]

Time stamps : 00:01 intro 09:45 step 1 Identify Contract 21:29 step 2 Identify Performance Obligation 38:33 step 3 Determine the Transaction price -Non-cash consideration 1:00:20 (adj. in TP) -Significant Financing component 1:16:34 (adj. in TP) -Non Significant Financing component 1:31:55 (Not adj. in TP) 1:35:00 step 4 Allocating the TP to P.O 1:46:53 step 5 Recognise revenue as & when entity satisfies the PO Special cases: 2:05:29 sp 1 sale with ri8 of return 2:08:23 sp2 accounting of warranty (step-3 part) 2:11:11 sp3 renewal option 2:15:32 sp4 discount voucher 2:18:22 sp5 loyalty points 2:23:21 sp6 contract modifications (step-1 part) 2:26:20 sp7 combining contracts (step-1 part)-vvimp 2:27:02 sp8 Principal vs Agent Consideration (step-2 part) 2:27:56 sp9 consignment Arrangement (step-2 part) 2:29:25 sp10 bill & hold 2:31:35 sp11 service concession 2:37:20 sp12 repurchase agreement 2:44:25 sp13 contract cost LDR QNS MRP 1 kzbin.info/www/bejne/i6rTmIttm9d_rLM. Loyalty points

[@CANivedita2618]

Thank you 🎉🎉

[@upendrachauhan9720]

@@CANivedita2618 waah dono bhi CA bn gye congratsss

[@Subhalaxmi__Rao]

Thank you so much

[@Subhalaxmi__Rao]

2:22:04 KK Ltd

[@shreyaswalzade]

Time stamps : 00:01 intro 09:45 step 1 21:29 step 2 38:33 step 3 transaction price 01:35:00 step 4 allocation of tp 01:46:53 step 5 02:05:29 special case 1 sale with ri8 of return 02:08:23 sp2 accounting of warrenty 02:11:11 sp3 renewal option 02:15:32 sp4 discount voucher 02:18:22 sp5 loyalty points 02:23:21 sp6 modifications 02:26:20 sp7 combination 02:27:02 sp8 principal agent 02:27:56 sp9 consignment 02:29:25 sp10 bill & hold 02:31:35 sp11 service concession 02:37:20 sp12 repurchase agreement 02:44:25 sp13 contract cost

[@harshgandhi6154]

Thank you so muchh

[@soumyasivanandan2876]

Grt effort.. thanku

[@pawrimal]

Thanks man

[@jevyaPanjwani]

Helpful

[@aayushiagarwal6554]

Thank u so much for this time slots , very helpful

[@kshitijarora4121]

Thanks! I have not seen Any faculty dedicated for helping even non coaching students as well

[@Mystic_force]

9:27 - Identifying contract with customer(irrelevant for exam) 30:00 - Significant reversal of revenue in future 1:03:58 - Transaction price need to be adjusted 1:13:08 - if paymenr is for distinct goods or services received from the customer. 1:16:32 - Effect of significabt financi g component 1:09:30 If payment is for distinct goods or services received from customer 1:55:40 -Input method 2:05:28 - right of return 2:10:46 - contract renewal option at low price

[@tejaslabhasetwar4727]

00:02 Understanding revenue recognition and accounting entries for customer contracts. 03:02 Recording revenue based on transfer of control 09:21 Recognize revenue when control is transferred and business is conducted 12:16 Revenue recognition in IND AS 115 21:41 Revenue recognition under IND AS 115 24:26 Understanding the different takes on revenue recognition and contracts with customers. 29:45 Customer Philosophy and Revenue Recognition 33:32 The steps to record revenue are important 41:43 Understanding revenue recognition under IND AS 115 45:40 Difficulty faced by general in practice 53:44 Understanding revenue from contracts with customers in CA Final FR. 57:21 The video discusses the revision of IND AS 115 for Revenue from Contracts with Customers. 1:05:29 The video discusses revenue recognition under IND AS 115. 1:10:16 The video discusses revenue recognition under IND AS 115. 1:16:58 Revenue from Contracts with Customers is a crucial topic in CA Final FR. 1:20:09 The process of removing something is called 1:30:13 The correct interpretation topic of revenue from contracts with customers. 1:34:22 Revenue recognition under IND AS 115 is based on the duration of the contract. 1:43:14 Revenue accounting for different products 1:46:01 Revenue recognition process and timing in IND AS 115 1:53:08 Understanding revenue recognition under IND AS 115 1:56:31 Be careful while posting in Numerator and Denominator 2:04:37 The video talks about the revision of IND AS 115 and revenue recognition in CA Final FR. 2:08:00 Revenue recognition in IND AS 115 2:14:16 Total number of customers is important for revenue tracking. 2:17:13 Revenue recognition is based on contract terms and discounts 2:22:04 Understand the concept of loyalty points and liability booking 2:24:42 Recording revenue and its impact on subscription and modifications 2:31:26 Subscribe to the channel for updates on IND AS 115 Revision 2:35:21 Revenue recognition in IND AS 115 2:43:59 Revenue recognition under IND AS 115 2:47:58 The video discusses revenue recognition standards under IND AS

[@muskaangarg9670]

8:29 five steps model 10:02 irrelevant for exam pov 16:02 deposit liab gunda eg 22:05 step 2 PO 39:14 step 3 txn price 52:08 most likely amt method (2 outcome) 54:40 VC not inc in TP 57:40 reestimate VC 1:00:19 non cash txn 1:04:20 adj in TP 1:16:39 financing component 1:35:00 Allocation TP in PO 1:47:04 Recognition of revenue 2:05:29 special case 2:31:47 service concessions arrangement

[@cashwetaghumnani7818]

Used to watch your lectures for clearing exams, now watching for interview 🥰

[@sangeetakumawat3561]

Same here

[@nareshnayak5033]

Same here😀

[@devyaniswaroop1214]

Same here 😁😁

[@pujajha4878]

Same here

[@FindingFactsOfficial]

I want to say the same

[@adwt9722]

What you provide for free revision, most so called famous teachers do not even cover in their paid classes with this much clarity and ease. Thank you sir

[@pravallikas.r2179]

Passed exams with these lectures now preparing for interview.. you are amazing sir !

[@abhishekmeel9999]

Never seen a bad comment on this channel. This shows the actual worth of what these two brothers are offering to CA students. Love from Rajasthan ❤

[@Rish_hsome1417]

I was here in May 2022 as an Aspirant!! Now watching this for Interview!! Thankyou Sir for Your QB, Revision Videos and Notes. All the best to Everyone!

[@muskansiddiqui4560]

Congratulations 🎉

[@Relax_singh]

he do not care about money. just focusing on real stuff. Making things easy. Pure hardwork.

[@hardiklalwala7466]

Sir, you made IND AS 115 very easy by providing this revision video. All concepts are now clear. Hats off to your dedication. Radhe Radhe.

[@subhamganguly4417]

My kind of people....who takes CA just as a course not as a super tough one...u both are gems..hatsoff

[@SanjayKumar-il1hn]

Superr..... Main exam k 3 din pehle ye video dekh raha hoon.... Ab mujhe 115 me koi bhi confusion nahi h.... Maine sirr se classes bhi nahi li hai... Highly recommend video

[@Nirmasoni247]

Now you ca?

[@Carohit97]

He is like sunil narine... Doesn't give much reaction on the perfection, just keep on doing the work Superb lecture sir🙏👍

[@rajendramohapatra3143]

Really better than so called renowned teachers full time lecture. It is my personal experience. They make the topic like rocket science🚀🔬.. U can't able to connect with them..

[@ritikajain1265]

+1

[@ritikajain1265]

even they make the content so big, genuinely say , i had aprox 10copies for FR , it was so difficult to cover the sllybus, i was so afraid , how can i will cover it even i have tried to do some chapter from notes i have made after watching their classes , but it take to much tym for covering it, thanku so much sir , for hlping us in such a way♥️🧿

[@jijachad5090]

Here for interview preps after clearing May'23 exams, Thank you for being a part of my journey sir. It would've been so incomplete without you.

[@RV110_]

Hey do you know what kind of questions could be asked by big 4 from Ind AS 115?

[@jijachad5090]

@@RV110_ Nah

[@divyasharma9580]

Lift ka revenue kb record hoga

[@devvratsinghshekhawat7593]

@@divyasharma9580 lol

[@bhagyashreemukut9813]

Most of all it is important for a teacher to convince students that things are easy and the way he say it first and then explain it in the easiest way possible truly makes a mark... Thank you so much😊.. Have watched many revision videos but this the first comment after listening for 2mins🥰

[@PuneetKumar-gh9go]

Guys i am qualified chartered accountant only because of Agarwal brothers

[@bhalachandrazambare5960]

👏

[@anonymousperson5310]

This is some serious Premium Quality Teaching. I bet no other got such great indepth understanding of concepts than this duo✨

[@serialgamer97]

pratik jagati sir is better in my opinion..his teaching is the best for me

[@mahikajain3339]

I watched your lectures for exam preparation and now watching it for interview prep,the way Ajay sir explained everything in detail, my fear for ind as 115 has gone, i can't thank you enough

[@prembhai300]

CA final ke baad interview bhi hota h??

[@niket...8453]

I Suggest every student trust him blindly. He is genius, bcz of him I am CA Aniket today ❤ #Agrawal Brothers...❤

[@AB-ou7pd]

1:53:07 Progress 2:08:20 warranty 2:18:22 loyalty

[@__chaitanya7]

Those words "kuch nhi hai yeh, aaramse ho jayega" and then those explanations for every concept, Thank you so much Sir.

[@earningliesinlearning3425]

M super impressed...really appreciate your effort...people charge a lot for this type of tutorial...this is not just useful for student but also for working professionals...hats off guys

[@ronakkyada16]

On today's modern world inly few people attached with our roots and ajay and atul sir are one of them awesome teaching sir.

[@SomeswarRy]

Time stamps : FOR EXAM PURPOSE THESE ARE NOT CRUCIAL AS PER AJAY AGARWAL. Just take a brief idea. 09:45 step 1 whether contract as per ind as? 21:29 step 2 Performance Obligation (P.O) 1:04:45 TRANSACTION PRICE TO BE ADJUSTED FOR 2 ELEMENTS. (here cashback vs rebate coupons vs etc also discussed)

[@shrishtibanka7787]

where can i get the question sheet for ind as 2 and 115, the one which he showed for loyalty points question? could you share if you have it?

[@CAAkshayMantri]

Understood all the concepts in one stroke. Thank you sir, Radhe Radhe

[@imonikaagrawal]

Though watching this without taking your class, still did not get the feeling that i missed something, as u covered all the topics so well🙌🏻

[@anupriya_kushwah]

Every time when I watch ur classes or videos my mind repeatedly says:-) Ye kitna awasome h yaar😅😎

[@sakethkrishna148]

2:04:41 cumulative catch up -cost and WIP 55:02 variable consideration not included in tr. Price 57:55 change in VC on cumulative catch up basis 1:03:35 inclusion of non cash cons. given by customer

[@Anjali-Anjie]

Literally god for me .. i just had a major operation and have to cover the entire group 1 syllabus in 2 months.. thanks for these lectures .. i hope i clear this time with your guidance and support . Har har mahadev ! 🙏🏼

[@pratikchowdhury7605]

Hey feel sorry to hear that ...m in almost the same situation that of yours just wanted to ask were these lectures enough to pass?

[@shashwattripathi7681]

Now I want to ask you the same question, are these revision videos enough to crack the FR exam? ​@@pratikchowdhury7605

[@jhanwar4382]

Because of your Free lecture I got exemption in FR and Clear CA Final and after completing CA I am also watching your lecture for interview 👍👍

[@bulchandanivanshika]

Watching this for exams, will come back here in January to see for interview preparation

[@CaAkash1]

Raadhe raadhe

[@harshpadia5577]

Sir i feel fear when i study this ind as but after your wonderful lacture i feel fearless. Thank you very much sir for such wonderful gift. 👌👌 Radhe radhe

[@puneetwadhwani7231]

This is the best lecture on ind as 115 i have ever seen ....kya concept clarity hai ... nobody can beat these two brothers 🫡

[@CAKiranPaladhi]

Was listening the class for exams as a student. Now listening to revise for interview preparation as a CA. You have changed everything.❤❤❤❤#RadheRadhe

[@Anandkumar-dp3uu]

Throughout the standard, BB is so aggressive! So convincing examples. Thank you sir jee🙏

[@financeandfootprints]

Thank you so much Ajay sir for your amazing FR revision lectures, marathons, ABC analysis, Important questions list and thorough guidance. I'm a CA now in May 24 attempt. Aspirants who are watching this: I'd highly recommend Ajay sir as a Go To for FR! All the best!

[@adapalavanya5335]

Cleared my CA Final only with the help of these lectures of yours. Undoubtedly you are the best faculty. Finally it's CA Lavanya... here to thank you for becoming a part of my success.

[@vaishuvenkat4142]

Congratulations CA Lavanya !! Can you pls help me with what else you did with these lecs?

[@mukeshgupta9226]

Sir explained Contract cost in last 4 minute asked in exam of nov23 for 5 marks ... do not ignore a single line of his notes

[@vishal5036]

High level content wala revision video hai...maan'na padega sir...Hats Off

[@neelbis]

Loyalty Points(Q 39) Quick Revision- 2:22:08

[@bhushansurani1822]

Your teaching style is Great sir, bahut jaldi se samaj aa jata hain, Most important thing is confidence which I get from your revision lectures 🙏🙏👍🏻

[@vikashsahu5998]

Superb explanation 👌 Even regular class is not watched this revision lecture is more than sufficient. All the lectures are well explained and it helped me a lot during last moment and this chapter Ind AS 115 never watched any lecture/read and this was my my firsrt time and catched up very quickly. I appreciate your efforts.

[@CAChirag24]

Adjustments in the Transection Price Consideration payable to customer by the entity - 1:5:30

[@CATuntunkumar]

Thanks for your contribution. Now I'm CA🖤

[@rajeshsharma-ce4om]

I RECENTLY COMPLETE THIS REVISION LECTURE, IT IS VERY HELPFUL.

[@deepakkhetan3111]

Do u have Ind As 115 Notes?

[@vaishnavichalikwar1654]

@@deepakkhetan3111 Its on telegram channel and also avaliable in free resources section on AIR1 website

[@shivsanketsubudhi3853]

Where are the revision videos for the remaining Ind As?

[@agrawalrocks4725]

Thank you so much sir!! Happy Guru Purnima🙏

[@prabhjotsingh-hz1fe]

apka dill se dhayawad apne bht behatar tareeke se sabhi cheeze bataayie ............... again thank you so much

[@tejasdhumal9018]

WOW Watched this revision lecs during exam days and now I'm qualified CA watching it for Interview!!

[@nadiyasheikh]

Biwi ka khauf bhot h😂 2:30:02 1:32:42 Jokes apart... Sir your teaching style is appreciable.. thank you.

[@mt.loverest]

I HAVE TAKEN LECTURE WITH VARIOUS FACULTIES, BUT THE CONCEPT WITH CONFIDENCE TO END IT ON EXAM DATE GOT ONLY EITH YOUR NOTES AND LECTURE......RADHEY RADHEY

[@najirkhan94]

Class lecture main to clear nahin ho paya tha maine skip kar diya tha but revision main Saara samajh Aa Gaya.... Wow Thank you Ajay sir

[@srinidhisriram8828]

Viewed this video multiple times for the exam, now watching for getting ready for my new work profile in revenue recognition 😊❤

[@anshikagupta8125]

Please add revision videos of other IND AS also, they are really very very helpful sir, questions were solved at single stroke... Thank you so much sir

[@MandeepSingh-gk1yc]

You Revision Videos are just amazing. It made IND AS 115 very Easy. Thank you So much.

[@bavadharani7307]

Words are not enough to express my thankfulnesss... Thankuuu sooooo much bro... U made our FR and SFM travel a cake walk. I was in thought of leaving this IND AS, but i came through ur videos and just wanted to have a view.. But u beautifully connected everything especiallly ur notes it worth cant be measured. Surely ur notes going to lower the time of revision during the previous day of Exam. Iam a non-hindi student. So i feared a little how a hindi class going to workout for me. But u with ur expression and words I just used to it... Iam able to get the crux of the concept. Once again Thankuuuu so much Bro. Let the lord krishna give more power to u..... Thank u so so soooooo much Bro.

[@Financezila]

CA Ajay bhai jindabad. Legend admi ho dono bhia revolution h CA ki industry me. Phle sharma sir the Phir Ab ap dono. Legend

[@mt.loverest]

PRABHU KRIPA SAB PE BARASTI RAHE---AISE APP LECTURES NIKALTEY RAHOO-----AUR HUM SAB KA KALYAN HOTA RAHE--BOLO RADHEY RADHEY

[@sandhyagupta8576]

these notes are different from the one provided on website...and it is really difficult to refer them

[@yashparikh3884]

Great Teacher without attitude. Thanks

[@N0_cape]

Yes vyakti!!

[@mananjain303]

So much clarity in a revision video. Blessed to be your student sir.

[@anuraggarg9849]

ekdm bdya smjhaya. khud ko smjhana or dusro ko smjhana isme bht frk h. and u made the difference very less. i hope u understand the level of appreciation

[@_Priyankaaa_]

Are you now able to solve questions on your own after watching jzt this lecture??

[@Rupali_1224]

This video is very helpful for exam preparations. Thank you so much Sir.

[@meenaljain1270]

Finally!!!!!!! Commenting after clearing CA final with the help of your amazing revision videos. Watching currently for interviews! ❤🥰

[@krishna-ie4gg]

Sir, Can you please provide updated notes of FR.

[@pallaviarora1637]

You make every topic very easily understandable..Greatful..

[@Lightss_camera_action]

2:31:10 till end service concession + others 2:00:21 Revenue related info (construction)

[@purvibhutra2732]

Best ever revision of ind as 115.....actual concept toh ye revision video dekh ke hi samja sir..... Thank you so much 🙏

[@bhagyashribapte517]

Aap dono god ke angels ho.. tonnes of blessings and good wishes☺️

[@bhagyashribapte517]

2:37 toll ways exmple

[@pragyagupta519]

best revision videos, regular class +revision videos key for qualifying ca, thank you ajay sir for providing best guidance for becoming ca

[@deepareddy4405]

Hi I want Ind as 115 PDF I checked in telegram page but didn’t find Can anyone help me to get this?

[@mithusirra3461]

Earlier done this Ind AS for exams , now for interview preparation. Thanku sir for notes, revision videos.

[@aayushiagarwal6554]

Studied first time and it get cleared I first time only Thank u ☺

[@ABHISHEKKUMAR-zv5iy]

I am Old course student. Your revision videos is very helpful to understand the concepts of Ind AS. Thank you very much.

[@saloninaharcafinalist]

i copied the time stamp from below comment and posted so that one day before exam i come to know ki mene revision ke liye i refer the sir lecture😅😊😊

[@sheshadrijamadagni9772]

Ram Ram !! what a revision class. Thank you soooo much Sir. Really helps a lot.

[@somnth6523]

I really owe you for your contribution. Love you sir💖💖 full credit to you sir.

[@DineshKumar_Baskar]

Best video on IND AS 115. You are my inspiration sir. Lots of love from chennai ❤ Radhe Radhe.

[@Pranav_0310]

01:05:59 Rebate coupon -Variable consideration

[@shivamkansal3869]

Great lecture ajay sir....it was very helpful in having conceptual clarity. Kisi bhi layman ko bhi samajh mein aa jaayega ab yeh toh.

[@gauravwadhwa98]

Very good explanation of Ind As 115 in very easy manner. I recall the IndAs Questions from your examples which I had done from Parveen Sharma Sir book. Very clear communication and comparison with 11 class is essential and best part of your lecture.

[@ST2401]

This chapter is so hyped by other professors, but after watching your revison lecture, i could easily solve all the QB questions, RTPs and past question papers ! You are wonderful Sir :)

[@jignaparmar5874]

Aise hi thodi na rank 1 de diya he icai ne. Studying everyday from revision video. After watching your video me be like icai give me the question paper now.

[@ujjwalshrivastav7618]

After watching your video... All concepts understood now n able to solve questions.

[@sakshijain5857]

Radhe Radhe sir...🙏🙏Thank you so much sir ....no one like uhh sir...🥺🙏🙏

[@omsrg8463]

Thanks a ton for the video sir it was really really helpful ❤🙏🙏 Radhe Radhe🙏

[@aayushsaboo5294]

No doubt, your revision are just awesome..... Thank youu....for such revision lectures

[@PuneetKumar-gh9go]

Ajay bhaiya ki revision videos, toh baki teacher ki regular batch par bhari pad jati h

[@RadheRadhe-ie8en]

Thank you so much sir for your efforts ❤ Radhe Radhe ❤️🙏🙏

[@shilpamandal3534]

Sir you are BLESSING for US Thank you so much Sir 🥰

[@cashcoach9]

Thanks!

[@manaviverma4318]

Very helpful.. explained in simple easy manner.. thankyou so much🙏

[@rahulchourasia5739]

Where can we get the above revision videos notes?

[@RSSthoughts]

Thank you 😊 Radhe Radhe

[@prabhunani5750]

Thank you so much for this revision video. Very well explained and very useful this content. I am watching this for interview😍

[@RajshekarIengar]

Thank you so much Ajay ji Radhe Radhe🙏

[@ardevotion7044]

Jab humne gunde ko laptop diya toh usne 5000 diye Jo deposit liability mein chla gya . But what about the asset side should we show it as closing stock lying with the customer or anything else ? Plz tell