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IFRS 15 (Recognition (Identifying the contract (probable to collect the…

- - - - contract made changes to future CF
        
        risk
        
        có thể ko thu hồi đc
        
        timing
        
        thời điểm kH trả
        
        amount
        
        consideration
    - - the customer's ability
      - customer's intention to pay
      - có thể sẽ ko phải price, nếu consideration variable do price concession
  - - - matter of law
      - form
    - - unilateral er to terminate a wholly unperformed contract without compensating the other party
        
        not yet transferred PGOS
        
        not yet received, entitled to receive consideration
  - - - create new/changes existing ERO
    - - create new/changes existing ERO??
        
        approved scope, not price
        
        estimating variable consideration
        
        constraining estimates
  - - - what can it be?
        
        resale of goods purchased by an entity
        
        resale of rights to GS purchased by an entity (eg: ticket)
        
        performing a contractually agreed-upon task
        
        providing a service of standing ready to provide goods or services (unspecified updates to software)
        
        providing a service of arranging for another party to transfer goods or services to a custome (agent)
        
        constructing, manufacturing or developing an asset on behalf of a
        customer
        
        granting licences
        
        granting rights to goods or services to be provided in the future that a customer can resell or provide to its customer
        
        granting options to purchase additional goods or services
        
        sale of goods purchased by an entity
      - what is distinct
        
        GS capable of being distinct
        
        the customer can benefit from the good or service either on its own or together with other resources that are readily available to the
        
        GOS could be used, consumed, sold > scrap value
        
        within the context of the contract
        
        the entity’s promise to transfer the good or service to the customer is separately identifiable from other promises in the contract
        
        nature of the contract
        
        the entity using goods/services as inputs to produce combined outputs specified by the customers
    - - what is it?
        
        the same pattern of transfer to the customer
        
        substantially the same
      - conditions
        
        each distinct GS in the series = a PO SOT
        
        the same method to measure the entity 's progress to complete the satisfaction of PO
  - - - transferring a promised good or service (ie an
        asset) to a customer
      - obtains control of that asset
        
        what is the control?
        
        the ability to direct the use of
        
        obtain substantially all of the remaining
        benefits from, the asset
        
        potential cash flows
        
        methods of obtaining control
        
        using the asset to produce goods or provide services (including public services);
        
        using the asset to enhance the value of other assets
        
        using the asset to settle liabilities or reduce expenses;
        
        selling or exchanging the asset;
        
        pledging the asset to secure a loan
        
        holding the asset
        
        the ability to prevent other entities
    - - satisfy over time (SOT)
        
        the customer simultaneously receives and consumes the benefits
        provided by the entity’s performance as the entity performs
        
        Customer controls the asset as it is created or enhanced
        
        Entity’s performance does not create an asset with an alternative
        use
        
        such as selling it to a different customer
      - satisfy at a point in time (SAAPIT)
        
        the point in time at which a customer obtains
        control of a promised asset and the entity satisfies a performance obligation,
        
        The entity has a present right to payment for the asset—if a customer
        is presently obliged to pay for an asset
        
        The customer has legal title to the asset
        
        The entity has transferred physical possession of the asset
        
        The customer has the significant risks and rewards of ownership of the
        asset
        
        The customer has accepted the asset
    - - Methods for measuring progressi
        
        output
        
        input
      - Reasonable measures of progress
  - - - the amount of consideration
      - entitled to
      - excluding amounts collected on behalf of third parties
      - include
        
        fixed
        
        variable
    - - Variable consideration
        
        Refund liabilities
        
        Constraining estimates of variable consideration
        
        Reassessment of variable consideration
      - The existence of a significant financing component in the contract
      - Non-cash consideration
      - Consideration payable to a customer
  - - - an entity shall allocate the transaction price
        to each performance obligation identified in the contract on a relative standalone selling price
        
        Allocation of a discount
        
        Allocation of variable consideration