IND AS 115 Revision | All Concepts alongwith Imp Ques | CA Final FR | CA Aakash Kandoi

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[@CAAakashKandoi]

Link for Board Notes of IND AS 115: t.me/aakashkandoi_FR/3598 In this Session we have Revised - All Concepts - All Important Questions - Diff between IND AS vs AS Do Share it with your friends as well who might benefit from this session😊💙 #FRwithAK

[@prernabaidbaradia7890]

Please share board notes again

[@abhishekgupta5092]

Yes sir, please reshare the Board notes, since the file is not loading properly

[@Gaaneaurgiggles_10]

Sir, please can you share IND AS VS AS comparision notes of 115,116,12

[@namratabana882]

Sir one question..what is the difference between contract liability and refund liability. Apny ek entry m contract liability likha h ek m refund liability.

[@kajalahuja8463]

Watching this after becoming CA for interview preparation... ❤️

[@bujanurunuthanprasad7047]

😂

[@UshaNagare.]

Me too

[@jithinalpy]

Reality is different

[@silkygarg7681]

Ak Sir ur revisonary videos genuinely save our lot of time nd boost confidence also

[@madhavabachu4394]

2:10:45 KK Customer Loyalty points 2:21:24 ABC plastic buckets 2:25:53 Model PI 2:32:50 Diff AS 7& 9 Vs IND AS 115

[@UsmanKhan-jb4yp]

For my ref Ajay sir Q 32 2:19:15 Q 7 2:21:20 Q 21 2:28:00 Q 39 2:10:46

[@bhawnaaggarwal3392]

Very helpful to brush up all conceptsand revise questions too in short duration else 115 is quite lengthy.

[@saurabhboliya]

Superb Revision with 100% concept clarity + Q too AK HAI BHAISAAB......

[@rachitchowdhury3407]

1:59:17 Service Concession Arrangement

[@meesammohsinjairaj8937]

1:30 Principal agent 2 ilustrations For me 1:23:35 Illu. 8 Q.59 (An entity has a fixed fee) (step-5 que)1:32:35 1:36:46 Illu 34 1:39:00 - VT limited (sig financing) 1:40:53 Illu.39 1:46:00 Illu 55 1:48:55 - Intellectual property Q. 58 (On 01 January 2011)(step-5 que) 1:53:55 Illustration 68 - 1:56:25 Illustration 72 - 1:57:38 Illustration 73 - 1:58:19 Q.70 (Service concession arrangement) (bhilwara project) 1:59:00 Illustration 79 - 2:04:58 Illustration 80-83 : 2:07:03 Q.48 (KK ltd-Customer loyalty points) 2:10:45 Q.64 (Nivaan ltd) 2:18:54 Q.25 (ABC ltd) 2:21:19 Palstic Buckets Q.63 (A ltd. is a company) 2:25:45

[@AnupKumar-vg3kx]

Lajwab revision h sir... thanks sir

[@Ajjubhaijaan420]

License of IP 1:57:41

[@vidyanandshah0454]

Very helpful revision lecture. Thank you sir...

[@juhinebhani7317]

Thank you soo much sir really helpful lecture ❤

[@renusadani2758]

1:32:40 illustration 32

[@aayushipurohit461]

Thank you sir...💛

[@rahulmittal1357]

Thank You Sir❤❤ Please conduct more live sessions like this

[@amitrout477]

Ind AS 115 best & superb revision.....lots of thanks Akash Sir🙏🙏❤️❤️

[@vatsavmalhotra1178]

01:51:00

[@tejaswibang2266]

You are genius sir you videos are really helpful thank you so much

[@princekatariya8878]

AK hai bhai Sahab🔥🔥🔥

[@SuruchiJha-iq8cf]

Wah sir❤❤

[@hawai8713]

Q32 2:19:15

[@sknbbx]

I guess its time now. aj mujhe bhi ye likhne ka sobhgya prapt hua ki "watching this video for interview" 🤣. Khamma Ghani gurudev

[@akhileshladdha2596]

5 Step Model 5:34 Step 1 Identifying the Contract 16:45 Step 2 Identify PO 22:07 Step 3 Determining TP 43:28 Step 4 Allocating TP to PO 52:24 Step 5 Recognize Revenue Special Cases 58:38 (01) Principal vs Agent Nov23 1:00:38 (02) Non-Refundable Upfront Fees 1:01:49 (03) Customer Options for additional Goods & Service 1:04:29 (04) Sale with a Right of Return 1:07:08 (05) Restocking Fees 1:08:27 (06) Warranties 1:10:07 (07) Consignment Arrangements 1:11:20 (08) Sale & Repurchase Agreements 1:13:26 (09) Bill & Hold 1:15:33 (10) License of Intellectual Property 1:18:21 (11) Contract Costs Nov23 1:58:56 (12) Service Concession Arrangements 1:21:40 LDR Question revision 2:32:30 Difference between IndAS & AS

[@pratikshanaik6541]

Thanks

[@sanket1807]

ICAI apko 10 marks extra de..

[@sahiljamariya9259]

thanks brother, godspeed to you

[@vaibhavjha09]

Thanks Brother !!🤜🤛

[@ajaychandel6259]

Thanks bhai 😁

[@shivaniagarwal246]

Finally finally finally i m watching this video for interview ❤ dream comment ❤

[@ArjunShivatejJoshi-rm3ox]

1:59 Master Example for understanding IND AS 115 4:54 Core Recognition Principle 5:22 5 Step for Recognition of Revenue 9:01 combining contracts 10:17 Contract Modifications 16:46 Identification of POs 20:46 Long term arrangements 22:10 Transaction Price Determination 22:45 Variable Consideration 24:02 Estimations of Variable Considerations 25:35 Constraining Estimates of Variable considerations 26:11 Significant Financial Component 31:54 Non Cash Considerations & Considerations Payable to a Customer 43:28 Allocating TP to PO 52:24 Recognize Revenue 58:38 Principal vs Agent Nov23 1:00:38 Non-Refundable Upfront Fees 1:01:49 Customer Options for additional Goods & Service 1:04:29 Sale with a Right of Return 1:07:08 Restocking Fees 1:08:27 Warranties 1:10:07 Consignment Arrangements 1:11:20 Sale & Repurchase Agreements 1:13:26 Bill & Hold 1:15:33 License of Intellectual Property 1:18:21 Contract Costs Nov23 1:23:30 Q8 - ICAI Assumptions Qn 1:24:42 Q9- Cum Catch up Basis 1:26:11 Q22- Disc on Future Membership Fees based on Current Membership Fee 1:27:50 Q23- Discount Voucher 1:29:45 Q27- Principle Agent 1:30:54 Q31- Cum Catch Up Basis 1:32:35 Q.32 Fixed Fee + Variable Consideration 1:36:46 Q.34 Rev + Refund Liability + Right to Received Asset / COGS 1:40:21 Q.38 1:40:51 Q.39 1:44:00 Q.40 1:46:01 Q.55

[@virajgambhir843]

Watching after becoming CA for interviews

[@jitingupta9200]

Complied Time Stamps 5 Step Model 5:34 Step 1 Identifying the Contract 16:45 Step 2 Identify PO 22:07 Step 3 Determining TP 43:28 Step 4 Allocating TP to PO 52:24 Step 5 Recognize Revenue Special Cases 58:38 (01) Principal vs Agent Nov23 1:00:38 (02) Non-Refundable Upfront Fees 1:01:49 (03) Customer Options for additional Goods & Service 1:04:29 (04) Sale with a Right of Return 1:07:08 (05) Restocking Fees 1:08:27 (06) Warranties 1:10:07 (07) Consignment Arrangements 1:11:20 (08) Sale & Repurchase Agreements 1:13:26 (09) Bill & Hold 1:15:33 (10) License of Intellectual Property 1:18:21 (11) Contract Costs Nov23 ll 32 : 1:32:49 Ill 39 : 1:40:54 Ill 40 : 1:44:02 Ill 55 : 1:46:00 Ill 56 : 1:48:44 Ill 65 : 1:54:00 Ill 72 : 1:57:40 1:58:56 (12) Service Concession Arrangements Illustration 79 - 2:04:58 Illustration 80-83 : 2:07:03 2:10:45 KK Customer Loyalty points 2:21:24 ABC plastic buckets 2:25:53 Model PI 2:32:50 Diff AS 7& 9 Vs IND AS 115

[@ca.mayanksharma]

At last, I’m diving into this video for my CA interview prep! 🎯 For everyone out there grinding through exam prep, remember that your hard work will pay off. Keep your eyes on the prize and stay determined-you’re almost there!

[@poojachouhan05]

Before 1 month of exams.. What was your mindset?

[@suyashmahajan282]

Illustration 56 - 1:48:45 Illustration 68 - 1:56:25 Illustration 72 - 1:57:38 Illustration 73 - 1:58:19 Illustration 75 - 1:58:57 Illustration 79 - 2:04:58 Illustration 80-83 : 2:07:03

[@shwetarathi-kl8td]

Me bhi aj aur kal interview ke liye revise karugi pure ek saal baad FR with AK sir 😌❤️❤️

[@lostforwords474]

can refer without watching AA revision video 1:20:00 Example contract acquisition Cost LDR 2:32:00 Ind AS 115 vs Ind AS 7 & 9

[@rohitvarindani6564]

Very Very Helpful revision Sirji. Few concepts were not clear to me before, now they are cleared. Thanks A Lot !!

[@ritikshah4135]

Excellent Teaching👌, especially example mea to maja hi aagya and concepts bhi revise ho gaye 😄.....Thanks a lot sir for such Revision lectures

[@sruti5679]

1:30 Principal agent 2 ilustrations For me 1:59 Master Example for understanding IND AS 115 4:54 Core Recognition Principle 5:22 5 Step for Recognition of Revenue 5:34 Step 1 Identifying the Contract 9:01 combining contracts 10:00 modification of contract 16:45 Step 2 Identify PO 20:46 Long term arrangements 22:07 Step 3 Determining TP 22:45 Variable Consideration 24:02 Estimations of Variable Considerations 25:35 Constraining Estimates of Variable considerations 26:11 Significant Financial Component 31:50 Lecture 56 Revision: 31:54 Non Cash Considerations & Considerations Payable to a Customer 33:20 JE 35:43 : Step 3 Consideration payable to customer 38:51 slotting fee 42:09 consideration payable to customer 43:28 Step 4 Allocating TP to PO 44:38 - Step 3 transaction price summary 52:24 Step 5 Recognize Revenue Special Cases 58:38 (01) Principal vs Agent Nov23 1:00:38 (02) Non-Refundable Upfront Fees 1:01:49 (03) Customer Options for additional Goods & Service 1:04:29 Sale with a Right of Return 1:07:08 Restocking Fees 1:08:27 Warranties 1:10:07 Consignment Arrangements 1:11:20 Sale & Repurchase Agreements 1:13:26 Bill & Hold 1:15:33 License of Intellectual Property 1:18:21 Contract Costs Nov23 1:21:38 LDR Question revision 1:23:35 Illu. 8 1:24:42 Q9- Cum Catch up Basis 1:26:11 Q22- Disc on Future Membership Fees based on Current Membership Fee 1:27:50 Q23- Discount Voucher 1:27:52 Illus 56: 1:29:45 Q27- Principle Agent 1:30:54 Q31- Cum Catch Up Basis 1:32:35 Q.32 Fixed Fee + Variable Consideration 1:33:04 Illus 35- 1:39:00 - VT limited (sig financing) 1:40:26 Q 38 1:40:50 Q 52 :- 1:40:54 Ill 40 : 1:44:02 Ill 55 : 1:46:00 Ill 56 : 1:48:44 Ill 65 :

[@jaychandwani7115]

Koi bol sakta hai kya ye main batch jesa nahi he❤❤❤❤

[@PrashantSharma-fz5fz]

Helpful for those students also who haven't covered previous attempts RTP, MTP and their renouned faculties also not provided that questions in their books and even not inform their students about any updates

[@RajniPorwal06]

Very helpful. First timr I understand this chapter. Thankyou sir❤

[@lakshaymittal635]

Ajay M24 QB 1:49:19 An entity........transfers license A & B Ques 28 2:25:45 A Ltd is a Co. (Financing Component) Ques 21

[@naheelmohd1276]

Helpful and good revision lecture for Ind AS 115

[@adityamatani9846]

For my reference : Q.25 (ABC ltd) 2:21:19 Q.48 (KK ltd-Customer loyalty points) 2:10:45 Q. 58 (On 01 January 2011)(step-5 que) 1:53:55 Q.59 (An entity has a fixed fee) (step-5 que)1:32:35 Q.63 (A ltd. is a company) 2:25:45 Q.64 (Nivaan ltd) 2:18:54 Q.70 (Service concession arrangement) (bhilwara project) 1:59:00

[@sheetalnayak3587]

Thq

[@ankitashaha8443]

For me 1:23:35 Illu. 8 1:32:40 Illu. 32 1:36:46 Illu 34 1:40:53 Illu.39 1:46:00 Illu 55 1:48:48 Illu 56 2:10:45 Que 1 2:18:52 Que 3

[@komalchhatwani1128]

Thanks for making FR Phobia free for all of us. May God bless you with happiness, health and peace.

[@rajsonwane36]

Pura Ind AS 115 revise ho haya thank you Sir 😇😇😇

[@ajitgupta4632]

Last Wale kuch questions ne toh dhua nikal diya,,😁😁😂

[@Falguni0910]

9:06 16:51 step 2 26:46 38:39 1:00:35 1:10:10 consignment arrangements

[@utkarshtekriwal6293]

For my LDR - Ques 1 2:11:00 Ques 3 2:18:45 Ques 7 2:25:50 Ques 9 2:30:00

[@ShrutiPatni-g7w]

very helpful revision sir. thankyou

[@sachinkavtikwar3639]

very effective sir all covered in 2.5 hours

[@palakgupta1207]

Sir, pleas provide the list of LDR ques🙏

[@vaibhavjha09]

38:47 special points in Step 3 Determining TP

[@rashipateriya6438]

Very helpful cover full 115 with clarity

[@cgk4578]

Without Buying FastTrack Lectures, I am Watching your Revision Lectures and then I'm doing Concept book + Question Bank. This Lectures is Very Helpful for me. Thank you sir.

[@anjanijha1099]

i have seen the same concepts through other teacher but the way akasha sir done ,excellent easily understand concepts with example. Thank you so much sir..........Ak praising to AK sir🙂

[@brahmjot_s]

Concepts till 1:22:20 2:17:49 - Summary Q.1 MTP/RTP

[@mukulkhatri9581]

Maza aa gya sir ji.... AK hai Bhaisaaaaaaaaaaaaabbbbbb....

[@dikshapawar5428]

Thankyou so much sir #akhaibhaisahabbbbbb

[@thatsorahul]

I did the last year revision class yesterday itself, do i need to do it from this video again?

[@narendersingh9716]

No need just last part of difference bw as and ind as only

[@rishitannavlogs]

Own Refer.: 2:18:54 - Illus65- construction contracts 2:21:19 - Q4- Estimate VC (Expected Value) 2:25:45 - Q7- Fin Comp + SSP (Esti Cost + Margin)

[@ashishkanojia8592]

Pura revision dekhne ke baad. Last me jab bola na sir apne.. AK HAI BHAISAAB, Goosebumps agae yr bhai. 🤣

[@ankitramani3317]

fr hai to question he question hai to ak he

[@jagjeetsingh1795]

Sir ka style mst h😂😂😂 AK h bhai sahab😂😂❤

[@asna1336]

Very helpful great lectures 😊😊

[@CAHarinarayanan]

For my reference : Q.25 (ABC ltd) 2:21:19 Q.48 (KK ltd-Customer loyalty points) 2:10:45 Q. 58 (On 01 January 2011)(step-5 que) 1:53:55 Q.59 (An entity has a fixed fee) (step-5 que)1:32:35 Q.63 (A ltd. is a company) 2:25:45 Q.64 (Nivaan ltd) 2:18:54 Q.70 (Service concession arrangement) (bhilwara project) 1:59:00

[@CAAspirant22-ot7rm]

Jabardast ❤ Revision of 115 Kal k paper me Likh k aayega AK hai bhaisahab 😅

[@Gaaneaurgiggles_10]

Sir,please can you share IND AS VS AS comparision notes of 115,116,12

[@chiraggoinka9443]

Sir like aachese revise karwaya

[@modishubhamjain1995]

Best revision of 115 till date🔥🔥🤌

[@beenujoshi_06]

Very helpful. Took classes 1 year ago. Able to recall small point that we usually miss doing self revision.

[@lalitop5601]

Thanks sir, very nicely revised 😊

[@biswarup8764]

1:32:40 Q32 1:29:47 Q 27 1:30:57 Q 31 1:36:51 Q 34 1:37:52 q 35 1:40:02 q 36 1:40:26 Q 38 1:40:51 q 39 1:44:07 q 40 1:46:08 Q 55

[@DeveshPandey-l1d]

maja aa gaya sir super revsion ....thank you very much

[@jaisahni7283]

Atul sir qb Q 41 1:23:35

[@ajitsahu2089]

1:17 intellectual licence

[@SureshKumar-ww6ib]

Ca industry m aapki monopoly hone wali h uske liye congratulations in advance. Thank you for your continuous support through revision video

[@poojamadat3485]

Very helpful each and every concept get revised with you alone it won't be happen with 100 clarity Thanks for making every IND AS a revision video

[@saketjain422]

Really helpful revision

[@dimpleshekhawat6291]

Sir it was very helpful 💯💯 apko kehne ki bhi jrurat ni honi chaiye words of appreciation apke efforts ko dekh k apne ap aajate hai thank you so much sir 👍👍

[@rajeshgaba800]

I can give you only one thing….stay blessed and healthy bcz many financial weaker students are depending on you … TY❤

[@aakashkandari472]

38:00 for my reference

[@venuhari2959]

I have seen Q3 & Q4 of RTP part in different authors note. Inspite of doing 2 to 3 times, didnt understand the flow. Just listening for 10 min of that sum, sab teek ho gaya. Tht's why people say #AKhyeBhaisaab

[@HS12578]

Thank you so much sir for the revision lectures. It really help us to recall concepts and questions.

[@srirambolla554]

10:18 modification ldr 37:30 consideration payable to customer 1:51:34 price allocation ldr 2:03:39 service concession day before exam Ldr questions on loyalty points must watch

[@ashiagarwal1141]

1:11:35 sale and repurchase agreement 10:24 Contract modification

[@AnjaliGupta-tw9bs]

Awesome video sir

[@ayushsinghal341]

ILLU 23. 1:27:49

[@alefiyapalana4229]

maza aaya sir...thanks for this detailed revision..because of you FR has become easy

[@saisreenivasmacharla8169]

Thank you so much sir Well covered revision in 2.5 hrs Ofcourse it is possible because AK hai bhaaai sahaaaaab!😎

[@shubhamaggarwal1708]

Aaj kuch Ind AS 115 mei confidence aya. Thank you sir 🙏

[@KumarvijayZ]

Notes ni mil re telegram main can you share link

[@kamakshivashisht473]

Sir ind as 115 and 116 were my weaknesses....but now they're not.....All because of you. Thank you soo much sir😇❤

[@Divya_K1201]

1:23:20 Questions 2:11:04 RTP MTP PP Questions

[@diptichandgude1177]

No Fear when AK is Here....😂😀

[@naserkhanpathan4280]

Maza aa gaya sir

[@MruditThakkar]

Amazing Revisio lecture to revise the concepts well. Thank you sir. ❤

[@ajithp_ai]

#FRwithAK is the only one who can explain Ind AS 115 concisely and comprehensively in such a short time.

[@chethanabhat6322]

Ill 32 : 1:32:49 Ill 39 : 1:40:54 Ill 40 : 1:44:02 Ill 55 : 1:46:00 Ill 56 : 1:48:44 Ill 65 : 1:54:00 Ill 72 : 1:57:40 1:58:56 - Service Concession Arrangements!

[@MANIFIN19]

for self reference

[@premachandak5543]

III 31: 1:07:35

[@gayatrimandhane3961]

Solutions of all Answers...Perfect... Thank you so much sir❤

[@RohitSharraf-s3r]

1:32:00

[@rajeshkumarpattanaik7439]

Thank you for this helpful revision video🎉

[@upendrachauhan9720]

2:25:59 Q.7