IFRS15 Revenue from contracts with customers

⏰学习时间：

receivablecontract assetcontract liability

financial liability：an obligation to repurchase/ repurchase＞selling price/ call option

M

🖊Presentation on the statement of financial position

N

The customer does not obtain control of the product at the delivery date

Bill and hold arrangements

output methods：sales value  transferred to customers/Total contract priceinput methods：costs incurred of the entity/Total costs

firstly

Consignment arrangements

Repurchase agreements

🔍委托代理

🔍质保

√：income /ordinary activities×：sale of non-current assets or sales tax are not revenue

🖊Common types of transaction

🖊Methods of measuring progress

wholesaler：products may be returnedretailer：can return any unsold goods for a refund

Dr receivable 300Cr contract asset 100Cr revenue 200

then

📚学习内容：

IFRS15 Revenue from contracts with customers

🔍售后回购

Principals and agents

IFRS 15 revenue：customer has the option to purchase a warranty separatelyIAS 37 Provisions：does not have the option to purchase the warranty separately

🖊Recognition-five step process

🔍寄售安排

I.contractII.separate performance obligationsIII.transaction priceIV.AllocateV.Recognise/satisfies a performance obligation

🔍开票与存货安排

与收入的确认相关

Warranties

product b

🔍常见的交易类型

IFRS 15 和 CAS 收入准则在核心理念上基本一致，尤其是在履约义务和收入确认的五步法上。但 IFRS 15 更加细致和具体，尤其是在合同变更、可变对价和成本确认方面有更加明确的指导原则。

🔍定义

🔍收入确认五步法

product a

与收入的计量相关

Example:The contract stipulates that M is entitled to receive the consideration from N only if he delivers both products a and b.font color=\"#9d8c88\

🖊Definitions

Principals：credit risk/responsible for fulfilling the contract/negotiating the priceAgents：commission/not obtain control

🔍收入确认方法

Dr contract asset 100Cr revenue 100

🔍财务报表中的列报

Goods are sold but remain in the possession of the seller for a specified period of time.Criteria：substantive/sparately identified/ready for physical transfer/seller cannot have the ability to use

💡总结