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
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.
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
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
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 A month before exams, I felt a mix of nervousness and excitement. I tried to stay calm, practice well, and embrace the journey, believing everything would turn out okay.
Timestamp: IND AS 115: 2:03 - Start Step1. - Identify the contract - 5:34 •Ex - Exception - 7:21 (token money forfeit) •Contract Term - 8:27 •Combining Contracts - 9:00 •Contract Modifications✨ - 10:14 Example 1. - 11:35 (Modification - separate contract) Example 2. - 12:52 (Modfn - don't Separate contract)✨ Example 3. - 15:07 (Cumulative catch-up basis)✨ Step2. - Identifying Performance Obligations 16:45 •Distinct goods & services [Single PO. Or Multiple PO.] - 17: 28✨ •Long term arrangements - 20:41 Step 3. - Determine transaction price - 22:07 1.Variable consideration - 22:43 - Expected value method - Most likely method 2.Constraining estimates of variable consideration - 25:34 (Mtlb VC can't be able to estimate then not include in TP) 3.Reassessment of VC - 26:04 (discuss in directly ill 32) 4.Significant Financing component✨ - 26:10 •Ex - 26:46 •Ex - 27:35 ✨ • Factors where no SFC 5.Non cash consideration (Mtlb barter transaction) - 31:52 6.Customer provided goods or services (control) - 33:42 gold ex 7.Consideration payable to a customer✨(cashback)- 35:41 •Slotting fee (Slot in lifestyle)- 38:49 •Cooperative advertising agents - 39:53 •Price protection - 41:18 (later price down , excess refund to old customer) Step4. - Allocating TP to PO. - 44:21 1.Standalone selling price✨ - 44:48 •Ex 1- 45:42 •Ex 2- 46:42 •Ex 3- 48:24 •Ex 4- 49:54 2.Allocation of variable consideration - 51:48 Step5. - Recognise revenue as & when entity satisfies PO. - 52:24 A. Control - 52:49 B. Control over a period/at one point of time - 53:03 C. Method of measuring progress if control transfer over a period of time-56:27 •Output based method •Input based method - discuss in ill 65 D. Transfer of control at point in time- 58:34 ✨= LDR
Points to remember:- 28:10 29:36 significant financing components not necessary to find 32:12 non cash transaction 34:11 customer provided G/Services 37:06 39:31 slotting fees (net) 40:10 advertisement given my customer : only for goods received- net If advertised for whole brand - gross pe show kro 41:22 price protection- net 53:13 control trf 59:13 principal (gross) (max indicators in our fav)Vs agent (net) 1:00:47 non-refundable upfront fees - gym kit given ( over the period ) Not given (over the period book) 1:01:52 *imp* customer provided G/S (voucher)(ssp) 1:04:34 sale with right to return (on the basis of estimation) 1:11:34 sale and repurchase agreement 1:13:36 bill and hold (only delivery is pending coz of customer) 1:50:08 ill 56 case B *imp* 1:59:14 ill 75
Service concessional arrangement 1:58:58 Qns 1:22:06 Continue 1:49:10 56 Illn 56 1:49:25 Loyalty points 2:17:50 Model pi 2:26:07 Cost se % then revenue book in % Imp diff 115 vs AS7 &9
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
Thank you Sir :))) For my own reference: 35:43 : Step 3 Consideration payable to customer 48:27 : Step 4 Eg 2 Residual approach 54:25 : Step 5 Transfer of Control 2:15:20 Loyality points ques. case b
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.
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🙂
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
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 👍👍
It was such a heartful revision session. An Ind AS like 115 got covered, understood and revised so quickly. It also gave me an insight that it not that lengthy chapter and can be completed if bifurcated in sections. Thank you so much Sir and I hope I will be able to revise it myself more clearly and properly.
![ILLSLICK - KILLSHOT REMIX [FULL VERSION]](http://i.ytimg.com/vi/RIK8RrqIAzE/mqdefault.jpg)
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
Please share board notes again
Yes sir, please reshare the Board notes, since the file is not loading properly
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.
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
Thanks
ICAI apko 10 marks extra de..
thanks brother, godspeed to you
Thanks Brother !!🤜🤛
Thanks bhai 😁
Ind AS 115 Ques: Solution Pg no of board notes
1:23:11 - Illustration 8
1:24:41 - Illustration 9 Pg no 7 (LDR)
1:26:08 - Illustration 22 Pg no 27 (LDR)
1:27:49 - illustration 23 Pg no 22 (LDR)
1:29:51 - illustration 27
1:30:51 - Illustration 31 Pg no 17 (LDR)
1:32:38 - illustration 32 Pg no 16 (LDR²)
1:36:45 - illustration 34
1:37:50 - illustration 35 Pg no 20 (LDR)
1:40:15 - illustration 36 easy (similar as ill 35)
1:40:19 - Illustration 38 - reading (SFC)
1:40:49 - illustration 39 - Pg no 29 (LDR²)
1:43:57- illustration 40 - Pg no 30 (LDR²)
1:45:33 - illustration 52
1:45:56 - illustration 55 - Pg no 14 (LDR²)
1:48:43 - illustration 56 - Pg no 36 (LDR³)
1:53:57 - illustration 65 - Pg no 36 (LDR)
1:56:25 - illustration 68
1:57:39 - illustration 72
1:58:19 - illustration 73
1:58:58 - illustration 75 - Pg no 33 (LDR³) Concession arrangement
2:04:28 - illustration 77
2:05:00 - illustration 79 (LDR)
2:07:02 - illustration 80
2:07:38 - Illustration 81 (LDR)
2:08:48 - illustration 82 (LDR)
2:09:43 - illustration 83
1:25:52 - Illustration 10 - reading
1:26:00 - Illustration 17 - reading
1:29:35 - illustration 26 - reading
RTP/MTP/PP Questions:-
2:10:51 - Ques 1 - Pg no 38 (LDR³)
2:18:52 - Ques 3 - Pg no 42 (LDR²)
2:21:18 - Ques 4 - Pg no 44 (LDR³)
2:25:23 - Ques 5 - Reading
2:25:28 - Ques 6 - Self - Pg no 43
2:25:44 - Ques 7 - Pg no 46 - (LDR³+) Solve point 3 & 4 from module
2:29:56 - Ques 8 - Self - Pg no 43
2:30:00 - Ques 9 - Pg no 47 - (LDR) 2:32:16 - Ques 12 - Pg no 48
2:32:34 - Difference between Ind AS 115 visa vis AS 7 or AS 9
2:34:50 - Ques on Difference (Imp.) relatable to Illustration 35 (Warranty)
Thank you so much sir ❤
Thanks
@@kajaltarway 😊
Thanksssssss.
Thanks
Thanks
Finally finally finally i m watching this video for interview ❤ dream comment ❤
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
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!
Before 1 month of exams.. What was your mindset?
@@poojachouhan05 A month before exams, I felt a mix of nervousness and excitement. I tried to stay calm, practice well, and embrace the journey, believing everything would turn out okay.
I guess its time now. aj mujhe bhi ye likhne ka sobhgya prapt hua ki "watching this video for interview" 🤣. Khamma Ghani gurudev
1:23:11 - Illustration 8
1:24:41 - Illustration 9 Pg no 7 (LDR)
1:26:08 - Illustration 22 Pg no 27 (LDR)
1:27:49 - illustration 23 Pg no 22 (LDR)
1:29:51 - illustration 27
1:30:51 - Illustration 31 Pg no 17 (LDR)
1:32:38 - illustration 32 Pg no 16 (LDR²)
1:36:45 - illustration 34
1:37:50 - illustration 35 Pg no 20 (LDR)
1:40:15 - illustration 36 easy (similar as ill 35)
1:40:19 - Illustration 38 - reading (SFC)
1:40:49 - illustration 39 - Pg no 29 (LDR²)
1:43:57- illustration 40 - Pg no 30 (LDR²)
1:45:33 - illustration 52
1:45:56 - illustration 55 - Pg no 14 (LDR²)
1:48:43 - illustration 56 - Pg no 36 (LDR³)
1:53:57 - illustration 65 - Pg no 36 (LDR)
1:56:25 - illustration 68
1:57:39 - illustration 72
1:58:19 - illustration 73
1:58:58 - illustration 75 - Pg no 33 (LDR³) Concession arrangement
2:04:28 - illustration 77
2:05:00 - illustration 79 (LDR)
2:07:02 - illustration 80
2:07:38 - Illustration 81 (LDR)
2:08:48 - illustration 82 (LDR)
2:09:43 - illustration 83
1:25:52 - Illustration 10 - reading
1:26:00 - Illustration 17 - reading
1:29:35 - illustration 26 - reading
RTP/MTP/PP Questions:-
2:10:51 - Ques 1 - Pg no 38 (LDR³)
2:18:52 - Ques 3 - Pg no 42 (LDR²)
2:21:18 - Ques 4 - Pg no 44 (LDR³)
2:25:23 - Ques 5 - Reading
2:25:28 - Ques 6 - Self - Pg no 43
2:25:44 - Ques 7 - Pg no 46 - (LDR³+) Solve point 3 & 4 from module
2:29:56 - Ques 8 - Self - Pg no 43
2:30:00 - Ques 9 - Pg no 47 - (LDR) 2:32:16 - Ques 12 - Pg no 48
2:32:34 - Difference between Ind AS 115 visa vis AS 7 or AS 9
2:34:50 - Ques on Difference (Imp.) relatable to Illustration 35 (Warranty)
Watching this after becoming CA for interview preparation... ❤️
😂
Me too
Reality is different
Watching this to become CA 😂
Illustration 27 - 1:29:46
Illustration 40 - 1:43:57
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 - 2:04:27
Illustration 79 - 2:04:58
Illustration 80-83 : 2:07:03
Q LDR Marking CP TIME
ill8 NA NA NA 01:23:30
ill9 LDR MTPOCT21 7 01:24:42
ill22 LDR MTPAPRIL22 27 01:26:11
ill23 LDR PPNOV22 22 01:27:50
ill27 NA NA NA 01:29:45
ill31 LDR NA 17 01:30:54
ill32 LDR PPDEC21 16 01:32:35
ill34 LDR PPDEC21,MTP-AP19 NA 01:36:46
ill38 NA MTP-OCT-21 28 01:40:21
ill39 LDR NA 29 01:40:51
ill40 LDR NA 30 01:44:00
ill55 LDR PP-JULY-21 14 01:46:01
ill56 LDR MTP-MAR.19 36 01:48:44
ill65 LDR PP-MAY-19 36 01:54:00
ill72 LDR NA NA 01:57:40
ill75 LDR PP-NOV-22 33 01:59:00
Q1 LDR MTP-O19,M19,O20 38 02:11:12
Q3 LDR PP-N19,MTPN21 42 02:18:55
Q4 LDR PP-N20,M-M23, 44 02:21:21
Q5 NA RTP-MAY-21-READ NA 02:25:25
Q6 NA MTP-APRIL-21 READ 43 02:25:31
Q7 LDR PPJAN21, MTP-N22 46 02:25:45
Q9 LDR PPM23,R-M22,M-N22,M23 47 02:30:00
Q12 NA RTP-NOV-22 48 02:32:18
For my ref
1:27:49 - illustration 23 (LDR)
1:32:38 - illustration 32 (LDR²)
1:37:50 - illustration 35 (LDR)
1:40:49 - illustration 39 (LDR²)
1:43:57- illustration 40 (LDR²)
1:48:43 - illustration 56 - (LDR³)
1:53:57 - illustration 65 - (LDR)
1:58:58 - illustration 75 - (LDR³) Concession arrangement
2:07:38 - Illustration 81 (LDR)
2:08:48 - illustration 82 (LDR)
2:10:51 - Ques 1 - (LDR³)
2:18:52 - Ques 3 - (LDR²)
2:21:18 - Ques 4 - (LDR³)
2:25:44 - Ques 7 - (LDR³+)
2:30:00 - Ques 9 - (LDR)
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
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 :
Timestamp: IND AS 115:
2:03 - Start
Step1. - Identify the contract - 5:34
•Ex - Exception - 7:21 (token money forfeit)
•Contract Term - 8:27
•Combining Contracts - 9:00
•Contract Modifications✨ - 10:14
Example 1. - 11:35 (Modification - separate contract)
Example 2. - 12:52 (Modfn - don't Separate contract)✨
Example 3. - 15:07 (Cumulative catch-up basis)✨
Step2. - Identifying Performance Obligations 16:45
•Distinct goods & services [Single PO. Or Multiple PO.] - 17: 28✨
•Long term arrangements - 20:41
Step 3. - Determine transaction price - 22:07
1.Variable consideration - 22:43
- Expected value method
- Most likely method
2.Constraining estimates of variable consideration - 25:34 (Mtlb VC can't be able to estimate then not include in TP)
3.Reassessment of VC - 26:04 (discuss in directly ill 32)
4.Significant Financing component✨ - 26:10
•Ex - 26:46
•Ex - 27:35 ✨
• Factors where no SFC
5.Non cash consideration (Mtlb barter transaction) - 31:52
6.Customer provided goods or services (control) - 33:42 gold ex
7.Consideration payable to a customer✨(cashback)- 35:41
•Slotting fee (Slot in lifestyle)- 38:49
•Cooperative advertising agents - 39:53
•Price protection - 41:18 (later price down , excess refund to old customer)
Step4. - Allocating TP to PO. - 44:21
1.Standalone selling price✨ - 44:48
•Ex 1- 45:42
•Ex 2- 46:42
•Ex 3- 48:24
•Ex 4- 49:54
2.Allocation of variable consideration - 51:48
Step5. - Recognise revenue as & when entity satisfies PO. - 52:24
A. Control - 52:49
B. Control over a period/at one point of time - 53:03
C. Method of measuring progress if control transfer over a period of time-56:27
•Output based method
•Input based method - discuss in ill 65
D. Transfer of control at point in time- 58:34
✨= LDR
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
Thq
@ 1:32:59
Ak Sir ur revisonary videos genuinely save our lot of time nd boost confidence also
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
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
AIR 1 MAY QB
Q.41 - 1:23:30
Q 43. - 1:24:41
Q 37 - 1:26:12
Q 38 - 1:27:50
Principal Agent- 1:29:45
Q 10 - 1:30:56
Q 31 - 1:32:40
Q 33 - 1:36:50
Q 36 - 1:38:00
Q 19 - 1:40:20
Q 20 - 1:40:50
Q 22 - 1:44:00
Q 15 - 1:45:35
Q 25 - 1:46:02
Q 29 - 1:54:00
2:25:52 21
Q27- 1:49
Q27- 1:49
28- 1:48:46
47-1:58:20
Q25-1:46:04
Q28-1:48:47
Q29-1:54:06
Q47-1:58:00
Q44-1:59:04
Q12-2:04:31
Q9-2:07:07
Q16-2:08:50
Q17-2:09:44
Very helpful. Took classes 1 year ago. Able to recall small point that we usually miss doing self revision.
Thanks for making FR Phobia free for all of us. May God bless you with happiness, health and peace.
1:11:35 sale and repurchase
agreement
10:24 Contract modification
Points to remember:-
28:10
29:36 significant financing components not necessary to find
32:12 non cash transaction
34:11 customer provided G/Services
37:06
39:31 slotting fees (net)
40:10 advertisement given my customer : only for goods received- net
If advertised for whole brand - gross pe show kro
41:22 price protection- net
53:13 control trf
59:13 principal (gross) (max indicators in our fav)Vs agent (net)
1:00:47 non-refundable upfront fees - gym kit given ( over the period )
Not given (over the period book)
1:01:52 *imp* customer provided G/S (voucher)(ssp)
1:04:34 sale with right to return (on the basis of estimation)
1:11:34 sale and repurchase agreement
1:13:36 bill and hold (only delivery is pending coz of customer)
1:50:08 ill 56 case B *imp*
1:59:14 ill 75
Concept
4:31
10:20
17:18
26:09
31:12
32:40
34:00
37:00
44:00
53:00
56:19
59:05 Special Cases
1:04:19
1:12:55
1:20:59
Ca industry m aapki monopoly hone wali h uske liye congratulations in advance.
Thank you for your continuous support through revision video
Me bhi aj aur kal interview ke liye revise karugi pure ek saal baad FR with AK sir 😌❤️❤️
🆗🆗🆗
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
Thank you so much sir for the revision lectures. It really help us to recall concepts and questions.
exam day
Illustration 56 - 1:48:45
illustration 68 - 1:56:25
Illustration 72 - 1:57:38
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
Modification 14:58
Distinct PO 22:06
Consideration recvd from customers
Consideration payable to customer
Slotting fee 39:03
Ssp approaches 45:24
Non refundable upfront fee 1:01:21
Contract cost 1:19:19
Imp Q 32 1:31:29
35 1:37:59
1:41:53
56 : 1:48:43
73 1:58:27
38:47 special points in Step 3 Determining TP
Service concessional arrangement 1:58:58
Qns 1:22:06
Continue 1:49:10 56
Illn 56 1:49:25
Loyalty points 2:17:50
Model pi 2:26:07
Cost se % then revenue book in %
Imp diff 115 vs AS7 &9
Ind As 115: Special cases
1.Principal VS Agent ✨ - 59:04
2.Non-Refundable Upfront fees - 1:00:35 (Gym + Reg fee)
3.Customer options for additional goods or services ✨ - 1:00:41 (Movie Ticket free)
•Ex - 1:02:08 ✨ (Allocation)
4. Sale with a right to return - 1:04:29
•Ex - 1:05:01
5.Accounting for Re-stocking fee - 1:07:08
6.Warranties - 1:08:27 (Allocation)
7.Consignment arrangement - 1:10:07 (Make my delivery)
8. Sale & Reurchase agreements ✨ - 1:11:20 (MCQ)
•Ex1. - 1:11:58 (financing component)
•Ex2. - 1:12:41 (lease arrangement)
9.Bill & Hold - 1:13:26 (Allocation)
10.Licenses of intellectual property - 1:15:33
11.Contract costs ✨ - 1:18:21
•Contract Acquisition cost - 1:08:57
•Contract Fulfillment cost
12.Service Concession arrangements ✨ - 1:58:56 (discuss with questions)
1:48:44
1:58:25
2:02:35 SCA
2:07:49
2:10:46
2:11:03 points redeem in multiple year
2:21:45 learn
2:26:06
Ill 56 1:48:43
Ill 75 2:1:24
Q1 2:10:51
Concepts till 1:22:20
2:17:49 - Summary Q.1 MTP/RTP
1:21:38 LDR Question revision
2:32:38 Difference between AS and Ind As
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
1:49:10 illus 56
2:11:00 Q1 KK
1:48:55 - Intellectual property
1:39:00 - VT limited (sig financing)
9:06
16:51 step 2
26:46
38:39
1:00:35
1:10:10 consignment arrangements
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)
Thank you Sir :)))
For my own reference:
35:43 : Step 3 Consideration payable to customer
48:27 : Step 4 Eg 2 Residual approach
54:25 : Step 5 Transfer of Control
2:15:20 Loyality points ques. case b
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.
1:23:20 Questions
2:11:04 RTP MTP PP Questions
2:10:53
2:18:55
2:21:20 ABC Limited Supplies plastic
2:25:25 Give Reading
for my ref
1:18:21 Contract Costs Nov23
1:23:30 Q8 - ICAI Assumptions Qn 504
1:24:42 Q9- Cum Catch up Basis 505
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
Thank you sir, you're helping a lot of students..
Solutions of all Answers...Perfect... Thank you so much sir❤
Pura revision dekhne ke baad. Last me jab bola na sir apne.. AK HAI BHAISAAB, Goosebumps agae yr bhai. 🤣
Own ref
1:40:25 significant financial components
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🙂
Question started from 1:21:36
License A & B (2 intellectual property wala question) 1:48:44
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
Lecture 55 Revision: 00:00 - 31:50
Lecture 56 Revision: 31:50 - 01:07:10
Q55 : 1.47.00
Q56 : 1.49.00
Q65 : 1:54:00
Q68: 1:56:00
Q72: 1:58:00
Q78 same as Q 65
Q79 2:05:00
Q1 2:11:00
2:21:18 -. Estimation methods of variable consideration
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
illus 23: 1:27:52
Illus 56: 1:49:00
For my LDR -
Ques 1 2:11:00
Ques 3 2:18:45
Ques 7 2:25:50
Ques 9 2:30:00
Thanks a lot Sir for making such tricky concepts a cakewalk for us😊✨️
Must watch lecture🎯
01:11:24 Sale & Repurchase Arrangements
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 👍👍
1:57 start
2:10:57 Rtp
1:41:01 VT Limited
I want to tell everyone - he is the best❤
Sir apne 115 me itna acha smjhaya na kya btau.. thankyou sir 🙏🏼
Koi bol sakta hai kya ye main batch jesa nahi he❤❤❤❤
Main batch hi hai ye😂
For my reference
RTP Nov 22 Past May 23 S Ltd enters with Corp Ltd. @2:30:05
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!
for self reference
III 31: 1:07:35
Service concession arrengement Question 1:59:20
Best revision of 115 till date🔥🔥🤌
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
#FRwithAK is the only one who can explain Ind AS 115 concisely and comprehensively in such a short time.
It was such a heartful revision session. An Ind AS like 115 got covered, understood and revised so quickly. It also gave me an insight that it not that lengthy chapter and can be completed if bifurcated in sections. Thank you so much Sir and I hope I will be able to revise it myself more clearly and properly.
10:15 -- Modification accounting
Ref 1:52:42
2:05:46
2:11:08
THANK YOU SO MUCH SIR FOR THIS REVISION LECTURE IT HELPED ME WITH COVERING WHOLE IND AS IN JUST 3 HOURS
1:59:17 Service Concession Arrangement
1:56:18 resume
42:43 Quick overview of Determining TP
The examples you provided make this chapter very light. I got this level of understanding just because of your unique teaching style. thanks a lot sir
AK hai Bhaisahab Jbardast Concept Clarity hai , Bestest
the only reason I like this Ind AS so much is you. thank you for making it soooo easy sir. you are the best.
SIR , you are amazing .. thank you so much for this revision
maza aaya sir...thanks for this detailed revision..because of you FR has become easy
Very Very Helpful revision Sirji. Few concepts were not clear to me before, now they are cleared. Thanks A Lot !!
Aaj kuch Ind AS 115 mei confidence aya. Thank you sir 🙏
Notes ni mil re telegram main can you share link
2:17:45 rtp mtp q1 rerevision
Maza aaa gya sir....feeling confident now...thank you so much sir💗
I can give you only one thing….stay blessed and healthy bcz many financial weaker students are depending on you … TY❤
maja aa gaya sir super revsion ....thank you very much
Superb Revision with 100% concept clarity + Q too
AK HAI BHAISAAB......
Always a delight to be here. FR with AK Rocks.
Very helpful to brush up all conceptsand revise questions too in short duration else 115 is quite lengthy.
1:21:34 - All concepts over.
Q.7 2:21:20
Q.20 1:42:00
Q.21 2:28:00
Are bhai tumne bhut Assan kar dia ise 🎉ty so much .