IND AS 115 | REVENUE FROM CONTRACTS WITH CUSTOMERS { *Ends at **2:29:00** ; MUST Watch every qs **1:50:00** onwards* } 01:49 Concept of Revenue Recognition- 5 step Model 00: 06:44 Identifying PO Imp for theory 00:09:25 Imp- Significant Integration Service (Even though goods and services are provided separately, in certain cases they are delivered together as a complete single project) 00:12:56 Step 3- Determine TP | Variable Consideration 00:14:57 Example on Variable consideration 00:19:13 Q.31 ( Variable Consideration + Input method of Recognition) 26:22 Significant Financing Component 31:00 Q. St Ltd 19:29 illustration 32 28:02 example (control of goods transferred at inception date) 30:49 illustration 40 45:13 example ( allocating transaction price to performance obligation) 46:57 illustration 54 47:40 illustration 55 52:58 example ( contract inception date) 1:03:57 illustration 65 1:09:25 example ( customer options for additional goods/services) 1:21:49 example 32( similar to illustration 32) 1:30:01 illustration 67 1:36:40 illustration 75 1:45:14 illustration 9 1:47:25 illustration 56 1:53:43 illustration 57 1:57:52 ques-6 (rtp, mtp) (mtp sept-22) 2:04:29 ques-7 ( other rtp, mtp) ( PP nov 20) 2:16:07 ques-1 (other rtp, mtp)(rtp may’19/mtp oct’19/ oct’20) IND AS 116 | LEASES { *TO WATCH JUST 1 HOUR EFFECTIVELY on EXAM EVE (as marked here* ) } 02:49:33 Start 3:06:00 - 03:25:00 - ( *SEE EXAM MORNING* ) 3:25:02- Lease Modification 03:33:22 Q9 03:43:52- ( *SEE EXAM MORNING* ) SALE & LEASE BACK QS 03:57:07 ( *SEE EXAM MORNING* ) TRANSITION OPn BS ; FULL RETROSPECTIVE ; MODIFIED APPROACH [ALT 1 & ALT 2] 04:07:44 LESSOR ACCOUNTING [ *Net Investment a/c Dr [PVof Lease Rentals+PV GRV +PV UGRV]* *To CA of Asset leased* *To P/L (gain/loss B/f)* ** NOTE: PV of Lease Payments= PV of LR + PV of GRV; so for calc whether Fin Lease or not ; if PV of LP is SUBSTANTIALLY EAQUAL TO FAIR VALUE i.e 90% or more , take PV OF LP i.e PV of LR+GRV only NOT UGRV** 04:12:49 LESSOR is CASE 1: NON MANUFACTURER/ NON DEALER ; CASE2- *MANUFACTURER/ DEALER* LESSOR --> [ Net Investment a/c Dr [PVof Lease Rentals +PV GRV +PV UGRV] *COGS a/c Dr [ CA- PV UGRV]* To CA of Asset leased *To Revenue [ NI - PV UGRV]* *MANUFACTURER/ DEALER* LESSOR - *The Initial Direct Cost charged to P&L NOT CAPITALISED IN FV OF ASSSET* UNLIKE NON MFR/NON DEALER LESSOR(i.e Normal cases) thus NO Concept of Implicit rate of return , MANUFACTURER/ DEALER LESSOR--> DISCOUNT PV USING *MKT RATE OF INT* NON MFR/NON DEALER LESSOR(i.e Normal cases)--> DISCOUNT PV USING *IMPLICIT RATE OF INT* *IMPLICIT RATE OF INT* = such Rate in which FAIR VALUE+ INITIAL DIRECT COST should be equal to PV of LP+GRV+UGRV 04:19:39 - ( *MUST SEE EXAMDAY* ) Qs on *MANUFACTURER/ DEALER* LESSOR 4:26:00 - ( *MUST SEE EXAMDAY* ) SUB LEASE 4:29:00 - ( *MUST SEE EXAMDAY* ) SEPARATION OF *TOTAL CONSIDERATION* Of LEASE ((i)Truck, (ii)Exacavator and related thing, (iii)Office building& related thing like HVAC system) & NON LEASE COMPONENTS (i.e GOODS/SERVICE like Common area maintanenace) ; ALLOCATION OF ' *Neither L or NL nor G/S Components* ' into L & NL Compo ON PRO RATA *AS PER STANDALONE PRICES WEIGHTS* naturally ho jayega jab Particualar LEASE Compo me TOTAL CONISDERATION x LEASE COMPO ka standalone price/ SUM of ALL Lease Compo + NON LEASE Compo ka standalone price krenge ) Note- *Neither L nor NL Components* =Property taxes, Insurance, Admin Tasks; these are Allocated proportionately to L & NL compo on Standalone price basis weights 4:35:00 Till 4:44:00- Theory 4:44:00 IND AS 116 ENDS HERE
IND AS 115 | REVENUE FROM CONTRACTS WITH CUSTOMERS 00:01:49 Concept of Revenue Recognition- 5 step Model 00:06:44 Identifying PO Imp for theory 00:09:25 Imp- Significant Integration Service (Even though goods and services are provided separately, in certain cases they are delivered together as a complete single project) 00:12:56 Step 3- Determine TP | Variable Consideration 00:14:57 Example on Variable consideration 00:19:13 Q.31 ( Variable Consideration + Input method of Recognition) 26:22 Significant Financing Component 31:00 Q. St Ltd Questions 19:29 illustration 32 28:02 example (control of goods transferred at inception date) 30:49 illustration 40 45:13 example ( allocating transaction price to performance obligation) 46:57 illustration 54 47:40 illustration 55 52:58 example ( contract inception date) 1:03:57 illustration 65 1:09:25 example ( customer options for additional goods/services) 1:21:49 example 32( similar to illustration 32) 1:30:01 illustration 67 1:36:40 illustration 75 1:45:14 illustration 9 1:47:25 illustration 56 1:53:43 illustration 57 1:57:52 ques-6 (rtp, mtp) (mtp sept-22) 2:04:29 ques-7 ( other rtp, mtp) ( PP nov 20) 2:16:07 ques-1 (other rtp, mtp)(rtp may’19/mtp oct’19/ oct’20) IND AS 116 | LEASES 02:49:33 Start 03:12:17 Q11 03:33:22 Q9 03:43:54 Q16 03:57:07 Transition approach 04:19:39 Q13 04:34:42
Sir AFM ka One day marathon leliye 2 May ko, bohot help hojayegi. Ajay Agarwal sir marathon lete hai unka method alag hai aapki class ki hai aap karwa dete toh bohot aasani hojayegi
@@FinalKickByCAPratikJagati dekha maine par jo aapne 3 se 4 saal pehle banaya tha na circle waala logic lekr vaisa nhi tha. Voh purana ind as 24 ka 3 ghnte ka video awesome tha video dekhkr kuch padhne ki jarurat nhi thi toh vaise request kr rha tha main
IND AS 115 - 2:07 STARTS *BREAK* 2:37:15 TO 2:49:20 IND AS 116 - 2:49:33 STARTS THANKS, A LOT SIRJI AND ALSO CONGRATULATIONS ON HITTING 90k subs!! ALL THE BEST TO ALL STUDENTS!!!
View above 14k but like 1200 it is not fair .......bhagwan se daro students......please like this video ......u never do ind as 115 in minimum time as he does❤
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IND AS 115 | REVENUE FROM CONTRACTS WITH CUSTOMERS { *Ends at **2:29:00** ; MUST Watch every qs **1:50:00** onwards* }
01:49 Concept of Revenue Recognition- 5 step Model
00: 06:44 Identifying PO Imp for theory
00:09:25 Imp- Significant Integration Service (Even though goods and services are provided separately, in certain cases they are delivered together as a complete single project)
00:12:56 Step 3- Determine TP | Variable Consideration
00:14:57 Example on Variable consideration
00:19:13 Q.31 ( Variable Consideration + Input method of Recognition)
26:22 Significant Financing Component
31:00 Q. St Ltd
19:29 illustration 32
28:02 example (control of goods transferred at inception date)
30:49 illustration 40
45:13 example ( allocating transaction price to performance obligation)
46:57 illustration 54
47:40 illustration 55
52:58 example ( contract inception date)
1:03:57 illustration 65
1:09:25 example ( customer options for additional goods/services)
1:21:49 example 32( similar to illustration 32)
1:30:01 illustration 67
1:36:40 illustration 75
1:45:14 illustration 9
1:47:25 illustration 56
1:53:43 illustration 57
1:57:52 ques-6 (rtp, mtp) (mtp sept-22)
2:04:29 ques-7 ( other rtp, mtp) ( PP nov 20)
2:16:07 ques-1 (other rtp, mtp)(rtp may’19/mtp oct’19/ oct’20)
IND AS 116 | LEASES { *TO WATCH JUST 1 HOUR EFFECTIVELY on EXAM EVE (as marked here* ) }
02:49:33 Start
3:06:00 - 03:25:00 - ( *SEE EXAM MORNING* )
3:25:02- Lease Modification
03:33:22 Q9
03:43:52- ( *SEE EXAM MORNING* ) SALE & LEASE BACK QS
03:57:07 ( *SEE EXAM MORNING* ) TRANSITION OPn BS ; FULL RETROSPECTIVE ; MODIFIED APPROACH [ALT 1 & ALT 2]
04:07:44 LESSOR ACCOUNTING [ *Net Investment a/c Dr [PVof Lease Rentals+PV GRV +PV UGRV]*
*To CA of Asset leased*
*To P/L (gain/loss B/f)*
** NOTE: PV of Lease Payments= PV of LR + PV of GRV; so for calc whether Fin Lease or not ; if PV of LP is SUBSTANTIALLY EAQUAL TO FAIR VALUE i.e 90% or more , take PV OF LP i.e PV of LR+GRV only NOT UGRV**
04:12:49 LESSOR is CASE 1: NON MANUFACTURER/ NON DEALER ;
CASE2- *MANUFACTURER/ DEALER* LESSOR --> [ Net Investment a/c Dr [PVof Lease Rentals +PV GRV +PV UGRV]
*COGS a/c Dr [ CA- PV UGRV]*
To CA of Asset leased
*To Revenue [ NI - PV UGRV]*
*MANUFACTURER/ DEALER* LESSOR - *The Initial Direct Cost charged to P&L NOT CAPITALISED IN FV OF ASSSET* UNLIKE NON MFR/NON DEALER LESSOR(i.e Normal cases) thus NO Concept of Implicit rate of return ,
MANUFACTURER/ DEALER LESSOR--> DISCOUNT PV USING *MKT RATE OF INT*
NON MFR/NON DEALER LESSOR(i.e Normal cases)--> DISCOUNT PV USING *IMPLICIT RATE OF INT*
*IMPLICIT RATE OF INT* = such Rate in which FAIR VALUE+ INITIAL DIRECT COST should be equal to PV of LP+GRV+UGRV
04:19:39 - ( *MUST SEE EXAMDAY* ) Qs on *MANUFACTURER/ DEALER* LESSOR
4:26:00 - ( *MUST SEE EXAMDAY* ) SUB LEASE
4:29:00 - ( *MUST SEE EXAMDAY* ) SEPARATION OF *TOTAL CONSIDERATION* Of LEASE ((i)Truck, (ii)Exacavator and related thing, (iii)Office building& related thing like HVAC system) & NON LEASE COMPONENTS (i.e GOODS/SERVICE like Common area maintanenace) ; ALLOCATION OF ' *Neither L or NL nor G/S Components* ' into L & NL Compo ON PRO RATA *AS PER STANDALONE PRICES WEIGHTS* naturally ho jayega jab Particualar LEASE Compo me TOTAL CONISDERATION x LEASE COMPO ka standalone price/ SUM of ALL Lease Compo + NON LEASE Compo ka standalone price krenge )
Note- *Neither L nor NL Components* =Property taxes, Insurance, Admin Tasks; these are Allocated proportionately to L & NL compo on Standalone price basis weights
4:35:00 Till 4:44:00- Theory
4:44:00 IND AS 116 ENDS HERE
❤❤
Ind as 115
19:29 illustration 32
28:02 example (control of goods transferred at inception date)
30:49 illustration 40
45:13 example ( allocating transaction price to performance obligation)
46:57 illustration 54
47:40 illustration 55
52:58 example ( contract inception date)
1:03:57 illustration 65
1:09:25 example ( customer options for additional goods/services)
1:21:49 example 32( similar to illustration 32)
1:30:01 illustration 67
1:36:40 illustration 75
1:45:14 illustration 9
1:47:25 illustration 56
1:53:43 illustration 57
1:57:52 ques-6 (rtp, mtp) (mtp sept-22)
2:04:29 ques-7 ( other rtp, mtp) ( PP nov 20)
2:16:07 ques-1 (other rtp, mtp)(rtp may’19/mtp oct’19/ oct’20)
Ind as 116 leases
Q11 3:12:17
Q9 3:33:22
Q16 3:43:54
3:57:07 transition approach
Q13 4:19:39
Practical expident 4:34:42
20:43 cumulative catch up adjustment
6:50 performance obligation
12:59 Determine transaction price
43:37 Allocating transaction price
3:43:42 Sale and lease back transaction
Review again on 2 Nov
@1:25:00
@1:38:00 Construction road
@1:51:00
@2:17:00
@1:36:40 Bhilwara Jabalpur
@1:45:00 ind as 115 imp questions
LDR : 01:57:51 & 02:16:35
1:47:28 que- lic A and b
3:29:22 Ill 35 Modification of Lease
1:58:22 mr anik
2:04:50 abc ltd
Amazing revision....i love it
Timer:- IND AS 115 - 2:07 onwards
BREAK 2:37:15 TO 2:49:20
IND AS 116 - 2:49:33 onwards😍
THANK U
1:47:59 Ind as 115 ill 56
4:08:02 Lessor accounting
Amazing revision....i love it
Timer:- IND AS 115 - 2:07 onwards
BREAK 2:37:15 TO 2:49:20
IND AS 116 - 2:49:33 onward
My Ref : Ilus 37 : 3:33:30 , 4:16:00 - Lessor Finance Lease , 3:43:54 - Sale and Lease back , 4:29:14 (lease &Non Lease), TYQ (new book) - Ques 8 and 9 , Back page Imp Points
2:28:41 Kk Ltd.
Thank you for uploading this. I was racking my brain on how to finish 115.
3:43:39 sale and leaseback
Congratulations sir for 90k subscriber soon it will be 100000 then million...🎉🧿🧿💫
Har Har Mahadev
1:36:30 Toll Ques
2:16:10 KK Ltd
Rtp/mtp ques.
Ind as 115 - loyalty points ques- 2:16:11
01:09:30 Ind AS 115 Questions start
1:29:07. Call Put crux
30:51 Q22
54:38 imp💚
1:29:21 💚 1:30:07
1:32:41
1:36:21 💚
IND AS 115 | REVENUE FROM CONTRACTS WITH CUSTOMERS
00:01:49 Concept of Revenue Recognition- 5 step Model
00:06:44 Identifying PO Imp for theory
00:09:25 Imp- Significant Integration Service (Even though goods and services are provided separately, in certain cases they are delivered together as a complete single project)
00:12:56 Step 3- Determine TP | Variable Consideration
00:14:57 Example on Variable consideration
00:19:13 Q.31 ( Variable Consideration + Input method of Recognition)
26:22 Significant Financing Component
31:00 Q. St Ltd
Questions
19:29 illustration 32
28:02 example (control of goods transferred at inception date)
30:49 illustration 40
45:13 example ( allocating transaction price to performance obligation)
46:57 illustration 54
47:40 illustration 55
52:58 example ( contract inception date)
1:03:57 illustration 65
1:09:25 example ( customer options for additional goods/services)
1:21:49 example 32( similar to illustration 32)
1:30:01 illustration 67
1:36:40 illustration 75
1:45:14 illustration 9
1:47:25 illustration 56
1:53:43 illustration 57
1:57:52 ques-6 (rtp, mtp) (mtp sept-22)
2:04:29 ques-7 ( other rtp, mtp) ( PP nov 20)
2:16:07 ques-1 (other rtp, mtp)(rtp may’19/mtp oct’19/ oct’20)
IND AS 116 | LEASES
02:49:33 Start
03:12:17 Q11
03:33:22 Q9
03:43:54 Q16
03:57:07 Transition approach
04:19:39 Q13
04:34:42
1:57:33 a ltd + anik mtp ques
Thankyou
2:16:18 kk limited
3:55:50 transition approach
theory- 4:29:00
Life as a CA aspirant is becoming easy with PJ sir
Sir AFM ka bhi quick revision karwado please. Atleast bade topics. khud se kare ge toh bohut time lagega..
Agree
+1
2:08:06 ldr ques
2:07 Starts
Dhanyawad guruji 😅
was Able to revise both of the Ind as again thank you sir
sir thank you sir.. very helpful to revise sir. Thank u sir.
53:04
Sir you are the best Thank you so much :)
Har Har Mahadev Sir ji❤
Sir AFM ka One day marathon leliye 2 May ko, bohot help hojayegi.
Ajay Agarwal sir marathon lete hai unka method alag hai aapki class ki hai aap karwa dete toh bohot aasani hojayegi
Agree brother.
thank you sir
Q-6 MTP Sep 22 1:56:40
Leases Theory 4:29:08
You came to our life as blessings,thank you so much sir 😊😊,your hardwork and dedication towards your students is unbeatable.....hats off to you
Thank yous sir
1:28:26 for my reference
1:47:57
which is best loaction to apply
Thank you so much sir 😇😇😇 khudse kar toh liya tha lekin dar lag rha tha iska so phirse revise kr liya ab dar khatam 😍
30:57 22
3:43:51
Illstn 40: 31:02
What is subtantive sabstitution right substantive or not ?
Ind As 116- 2:49:32
Sir afm ka one day marathon lelijiye ...😘
Ind As 115:
Ill-75 1:36:38
Sir afm ka one day marathon
Sir notes share kardo Ind as 116
Sir afm ka one day marathon de do excluding forex, portfolio and merger acquisition
Love u bro❤❤
1:56:37 rtp mtp
Ty sir
Sir AFM ka bhi quick marathon ho jaata to maza aa jaata❤
Aaj bhi LIVE lo na sir....afternoon me...BC ka
❣❣
Its a request ki kal please ind as 24 phir se circle waale logic ke saath revise krva do 🙏🙏
Pls Watch from small ind as marathon
@@FinalKickByCAPratikJagati dekha maine par jo aapne 3 se 4 saal pehle banaya tha na circle waala logic lekr vaisa nhi tha. Voh purana ind as 24 ka 3 ghnte ka video awesome tha video dekhkr kuch padhne ki jarurat nhi thi toh vaise request kr rha tha main
@@Sharma27400utna imp ind as nhi h for exam perspective
anik 2:26:03
ill.65 1:03:52
1hr9
4:08:20 sir kaise example de rhe ho, objectify krr rhe ho aap to Ladki ko
IND AS 115 - 2:07 STARTS
*BREAK* 2:37:15 TO 2:49:20
IND AS 116 - 2:49:33 STARTS
THANKS, A LOT SIRJI AND ALSO CONGRATULATIONS ON HITTING 90k subs!!
ALL THE BEST TO ALL STUDENTS!!!
Ye KK bc dulhe Raja film ka KK singhania h har bar Raja(exam me aane se) dar jata h.
Ratta mar marke pareshan krwa dia
😂
View above 14k but like 1200 it is not fair
.......bhagwan se daro students......please like this video ......u never do ind as 115 in minimum time as he does❤
Questions
19:29 illustration 32
28:02 example (control of goods transferred at inception date)
30:49 illustration 40
45:13 example ( allocating transaction price to performance obligation)
46:57 illustration 54
47:40 illustration 55
52:58 example ( contract inception date)
1:03:57 illustration 65
1:09:25 example ( customer options for additional goods/services)
1:21:49 example 32( similar to illustration 32)
1:30:01 illustration 67
1:36:40 illustration 75
1:45:14 illustration 9
1:47:25 illustration 56
1:53:43 illustration 57
1:57:52 ques-6 (rtp, mtp) (mtp sept-22)
2:04:29 ques-7 ( other rtp, mtp) ( PP nov 20)
2:16:07 ques-1 (other rtp, mtp)(rtp may’19/mtp oct’19/ oct’20)
IND AS 116 | LEASES
02:49:33 Start
3:08:00 iLL 31
03:12:17 Q11
03:33:22 Q9
03:43:54 Q16
03:57:07 Transition approach
04:19:39 Q13
36:56
3:33:23
1:53:07