IND AS 115 QUICK REVISION | Revenue from Contract with Customers | CA Final FR | Pratik Jagati

[@lavanyaahuja707]

2:04 5 Step Model for revenue recognition (Summary) 5:44 : Step 1 : Contract Identification 8:19 : Step 2 : Identification of performance Obligation 15:25: Additional discount for future purchase 18:46 : Consignment Arrangements 22:12 : Principal Vs Agent Consideration 25:44 : Non Refundable Upfront Fees 30:00 : Step 3 : Determining the Transaction Price 33:23: Variable Consideration 37:22: Refund Liability (Imp for exam) 41:35 : Reassessment of Variable Consideration (VV Imp) 47:15 : Sale with Right to return (51:46: Accounting for restocking fees for goods expected to be returned) 54:00 : Warranty 59:35 : Significant Financing Component 1:08:45 : Non Cash Consideration (imp) (1:12:04 : Customer Provided Goods) 1:13:39: Consideration payable to customer 1:18:58 : Step 4 : Allocating Transaction price over performance obligation 1:26:27 : Change in Transaction Price 1:29:30 : Step 5 : Satisfying Performance Obligation 1:43:08 : Misc. Topics: 1: Bill and Hold 1:47:03 : Misc. Topics: 2 : Contract Cost 1:51:59: Misc. Topic 3: Service Concession Arrangement ( VV Imp) 2:04:50: Misc. Topic 4 : Repurchase Agreement 2:15:46 : Misc Topic 5 : Contract Modification

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Sir ka App ka time stamp ka support waw thank you so much

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Thank you so much ❤️

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Thank you

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Ek aisa teacher jo exam ke time har CA final ke bacche ke mobile me dikai padta hai

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Thanks

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449 ka airtel ka recharge hota h na😃😃

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Revising 115 for exam to now for interview i came a long way just because of you thankyou soo much sir you are the best teacher no doubt but you are the nicest and greatest human being i have ever seen thankyou again☺☺

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All CA students are Blessed to have you sir..Thank You So Muchhhhhh 🙏

[@nehabhanushali1175]

Trust me, this is the best revision video for revising IND AS 115. Detailed and to the point. Explaining everything. And covering ICAI questions in the form of crisp examples. Grateful that i found this video. Massive respect for you sir🙏❤️ Har Har Mahadev ❤️✨

[@mahi4309]

questions hai?

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From watching your videos as a student to watching your videos for interview preparation…I HAVE A CAME A LONG WAY❤

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I clearly remember watching this session as student. Now watching this again as a CA for preparation of my Interview. Came a long way. Sir, you played a major role in this journey. Thank you is not enough for the role you play in our life.

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Job lag gai aapki?

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bhaiya thodi guidance mil jati toh boht help hoti

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Sir you were god's messenger for me for FR nd SFM. Today I am CA coz of you, hopefully I would meet u one day and ty personally Forever indebted. Hope you get all the happiness

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Earlier I was watching your lecture as student....now am watching your lecture as member... Thank you sir ❤️

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Same here

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Mee too

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Thanks alot. May god bless you sir. Hats off to your hardwork 😍

[@vaishnavibargir]

Sirrr kya padhate ho aap❤❤❤full clarity aajati hai topic ki which automatically increases our confidence to solve questions by ourself❤❤thank you ❤

[@shrutijain_]

37:12 Ill 31 1:37:23 Ill 65 2:00:02 Ill75 2:22:53 Ill 9 2:24:09 Ill 8

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Best ho aap ...jitta time lete. Jese padhate sb best hai!! Thankyou ❤

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You have made the life easy. Thank you

[@simplysophisticated3190]

Sir thank you so much. You are like God to us at this time 🙏 You are not only teaching us but you are also motivating us by saying tension ki koi baat nahi 😌 jai bholenath 🙏

[@sauvikdutta2013]

You are gem of a person. Thank u is not enough!

[@nancysaraf8525]

@1:48:01 Concession concept @2:03:01 Repurchase agreement

[@bhavyal8911]

Words are not there to express gratitude to u sir 🙏🏻 u are a blessing to CA profession ❤️

[@bikamdarai4682]

great salute you sir for your concise interpretation of whole 115 within 2.5 hrs🙏🙏🙏

[@triptiattri8686]

Sir you are a blessing.... Lgta h jese kanha ji ka koi avtar aaya h ca ke bcho ke liye..... Lots of respect for you from depth of heart... Thanku so much for class.

[@vamshidharreddy1800]

The best 2 hrs i've ever spent on youtube

[@cahemal_gujarat]

I would like to express my sincere gratitude for the wonderful revision session you conducted. Your insights and expertise in the subject matter were truly remarkable, and I appreciate the effort you put into ensuring that we understood the concepts thoroughly. Your dedication to our learning has been evident throughout the entire course, and I am grateful for the time and energy you have invested in us. Your approach to teaching has made the subject come alive, and I feel much more confident in my understanding of the material as a result of your efforts. I also appreciate your willingness to answer our questions and provide additional resources to help us prepare for our exams. Your commitment to our success is truly admirable, and I am grateful to have had the opportunity to learn from you. Thank you once again for all that you have done for us. Your guidance and support have been invaluable, and I look forward to continuing to learn from you in the future.

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Mazaaaa aaagya Sir..Thankyou so much..before exams these videos are superbeneficial for us..🙏🙏🙏🙏🙏🙏❤🙏🙏🙏

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Shaitan ki duniya me Bhagwan ka aadmi. Thank you so much sir. ❤🙏

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Very helpful sir. Thank you. Able to understand everything perfectly.

[@purvishah8314]

Amazing sir!! Thank you sir... Lots of gratitude

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Mind blowing performance 🙏

[@CADarpanJain]

Genius! Absolute Genius! ❤

[@RealMaster2472]

Start@ 2:01

[@aadityadeshwal638]

superb covering all the concepts and best for revision and doing questions now.

[@madhusingh4889]

For my reference😊 Step 2: Performance obligation separately sold ... independent use.. goods are distinct ..seprate performance obligation unless significant integration service is required (Water purification plant) -significant integration service.. The availment of one service modify other services (software and installation) Highly interrelated and highly interdependent.... These are conditions for separate performance obligation..

[@madhusingh4889]

Discount= probability*value of goods*extra discount 500rs*80%*30%=120rs Product=1000 Total cost =1120 Now allocate 1000in given ratio Discount=120*1000/1120 Product=1000*1000/1120 Bank account dr To revenue To contract liability

[@madhusingh4889]

In consignment arrangement Product is transferred not ownership Goods can be taken or to transfer to another dealer Consignee is not under obligation to pay Revenue is not recognised till goods are finally sold to customer.. In sale with right to return recognise revenue on probability basis ..

[@madhusingh4889]

In principal gross receipts is recognised as revenue (obligation, inventory risk, ownership) Agent on net basis recognise revenue Feee and commission is revenue Swiggy, Flipkart...

[@madhusingh4889]

Non refundable deposit.... joining fee upfront fee, activation fee not related to specific good or service ... Contract liability need to be settled in future.. Not recognised as revenue this type of non refundable deposit 🥴

[@madhusingh4889]

Transaction price does not include GST amount... Performance bonus fixed revenue+variable on basis of probability past experience Most likely method:two possible outcome Expected value method = probability in case of more than two outcome... Quality bonus

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Thank you for your lovely support to us. CA ban ne ke bad aapse milne aayenge Mumbai

[@diveshsharma819]

thanku so much sir🙏 best last day revision video for Ind AS 115

[@adityadadkar7306]

Sir is it ok if we calculated lease liability and ROU initial recognition value and carrying value by shortcut pv method in exam and avoid preparing tables???

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Thank you so much sir for your selfless efforts 🙏

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Thank you sir for providing amazing revision

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thank you so much sir this video is very useful for last minute revision before the day of exams

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Thank you so much sir, it was a great and fruitful lecture

[@Ashokkumar-nr5ez]

Thank you sir. For quick revision.

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A big salute to u sir🙏

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Awesome video sir and hats off sir for ur selfless efforts

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Really really thank you so much sir. U r great hats off you.

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That's how FR God looks like.. ❤❤

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Most effective lecture sir That too in less no of time

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Thank you Sir for your support 🙏🏻🙏🏻🙏🏻

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Thank you so much sir for this video It really helped

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Back here for interview prep :) Thank you sir!

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thank you so much sir for this wonderful revision video ❤

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Thank you sir. It is superb

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Thank you so much sir🙏 great help sir ♥️

[@hritikseth6184]

can anyone please guide if this lecture is enough to cover whole ind as 115 for the frst tym or the 6 hour lecture has to be watched???

[@karangoyal7687]

No

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Sir you are GOD for us 🙏

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Thank u sir.. It was really helpful

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Sir after exams will meet you at GHY and will go for Articleship to Delhi, make sure sab aapka hee coaching lo 🙌🏻

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Thanks a lot sir .u r saviour ❤️

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Thanks for your valuable efforts

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Thank you Jeetu Bhaiyya..

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Thankyou so much sir❤️

[@CAKunalSingh]

48:00 sales right to return

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Amazing efforts really ❤

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Nice to see you that you're drinking water during lecture

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It is so helpful sir..thanks a lot 🙏

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😊 Maza aa gya sir may God bless you

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Is vedio is playing Facing error while playing

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thank you so mch sir for your efforts.

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thanks a lot sir :)

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Thanks. Even an engineer could understand😀

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Best revision ❤

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Where can we get notes for above ?

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Watching it as a CA 😅 I might have seen 2 to 3 times during exam time.

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Great video ❤️.

[@Tenin340]

Can anyone please tell me the corresponding IND AS /IND AS's for AS 13(Investments)?

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IND AS 40

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@@shalu4969 Thanks

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Sir pls provide 36 revision

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+1

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🔥🙌🏻❤️

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Thankyou Sir!!

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Bahubali 🙌🏻🙌🏻

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thank you sir😇

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Thank you sir

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Es me question bhi cover karwaye he kya

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sir you are 🔥🔥🔥🔥

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42:08:00 ill 32

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Thank you for this revision video !!

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1:16:36

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Sir pls provide may 22 exam consolidation question simplified solution

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Thanks alot sir❤

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Thankyou bro 💕

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31:00 break

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You are physics wala of CA course🎉🎉

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42:00 Illustration 32

[@nikhilgs7942]

sir can you please revise ind as 38(Intangible assets) 15th sum test your knowledge it looks like a tricky question sir

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Sir kya padhaya hai 🤩🤩🤩

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Super revision

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Sir can you revise Leases INDAS please

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thanks sir new generation praveen sharma

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This channel is FR SFM Gurukul 🙏

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FR KING 👑

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2:05

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❤❤❤