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IFRS 15 - Revenue from Contracts with Customers - Coggle Diagram
IFRS 15 - Revenue from Contracts with Customers
Scope 15.5 exceptions
non-monetary exchanges between entities in the same line of business to facilitate sales to customers
counter party has to be customer for the IFRS 15 to hold
leases - IFRS 16
5 step model
1-Identification of a contract with a customer 9-22
identification criteria 9
combination of contracts 17
contract modification 18
separate contract 20
termination and new one 21
part of existing one -> single perf obligation
2 - Identifying perf obligation 22
distinct criteria 27
3- determination of TP
variable consideration 50-55
expected value 53+
the most likely amount 53b
4 - allocation of TP to POs
allocation of discount 81
changes in TP
5 - satisfaction of PO
at point in time 38
overtime 35