100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Summary Mind Map for Revenue IFRS 15 R97,33   Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of Cape Town (UCT)
  4.  
  5. Financial Reporting 2 (ACC2012W)

Summary

Summary Mind Map for Revenue IFRS 15
 4 views  0 purchase

IFRS 15 Revenue Recognition Formulae Sheet provides a concise guide to the key steps and calculations for recognizing revenue under IFRS 15, including: Five-Step Model: Identify the contract. Identify performance obligations. Determine the transaction price. Allocate the transaction price to...

[Show more]

Preview 1 out of 2  pages

Document information

  • September 15, 2024
  • 2
  • 2024/2025
  • Summary

Subjects

Written for

All documents for this subject (22)

Seller

avatar-seller
kevinlondeka

Content preview

Summary key points

approved by both
parties (agreement)

Commercial substance
① Contract

Probable collection of
goods or services




element
Separate
② Performance obligations Customer benefit from
on its ow n
can
good or service




distinct

Promise to transfer identifiable
separately
is




Not used to modify or customise
Not significantly
another
good or service
integrated



Not
highly interrelated
with another good

Amount expecting
to


be entitled to



③ Transaction Excludes for
price
collected 3rd
amounts
parties
Variable Considerations




Sale with
right Significant financing
of return TVM (Interest expense Income)
component
.




Trade andSettlement discounts
b b ↑




Immediately Net Revenue to amount entitled
to .




Recognize allowance for Sp

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller kevinlondeka. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R97,33. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79223 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R97,33
  • (0)
  Buy now