Ind AS 115

Revenue :
Income arising
in
ordinary
Course of business .

we
step model

the ② Identify FO ③ Determine TP ④ of TP to Pio

① Identify contract Allocation
Recognition of Revenue
'
.

⑤
.

tot
Contract to good
.

* Semite to
a) it is approved ⑨ Fixed Consideration * Based on Fv .

of such .

R internal admin I setup not PO Cassured

b) rights payment terms identified
are .

amount ) * If TPKEFV . then diff .

Period
Distinct if ⑤ variable Consideration C Discount ) allocated Poop
Over the At a
point
benefits directly from
in
c) Commercial substance
.

time time
Tus of of
penalty lconcessionl
tomes
d) Probable receipt of consideration
* Dish rebate ) of Fv
eg +
.
.

Such lated to
If Customer simultaneously

}
* Disc ①
goods
or
incentive / bonus
is r
any
Contingent
.
.

/
Contract Modification A Customer needs other
goodswhich
I
specific
P.o. adjust to such .
receives and consumes

Payment
,

as the benefits
to attain benefit
.

I service
.

# Part
are
easily available in market of TP .
② Entity work create or else .

Ferg
:
in
Deinregosepe If highly dependent then
indistinct
no " ed
In eggangusetoasmset.co
# I EV M
MLM
⑧ Specialized Gls without
recognize
options
.

felled -
standalone w .
A .

of more than 2 alternate use .

revenue when
Price with
Selling distinct non distinct
2 options ( option '

late revenue
recognition
control
transferred
is

goods
highest probability]
.

↳ goods
. .

contract
separate
* old
to
contract
to
Revise
If significant chances
of reversal

then
ends contract
not part of Revenue Licensing
.

* accounting
remaining goods
-

② Non -
cash Consideration
immediately if future
and yal using Recognize revenue no
-

ant .

receivable Cumulative ,

constitute new catch

up 1 I .
Performance by entity affects -

Customer
sights
-

with others
.

customer
.

basis
.

contract
.

the
.

µ a Recognize revenue over

period of time
if
of goods I
not revenue
a) Activities of entity effects I P to which
.

F V
.

. .

Contrast
.

service received

customer
has
rights
-

① Cost the activity to

1-
for obtaining
contract
Significant finance component b) Such Customer the ne
impact
⑨ expose
. .

② Gst incurred for the contract

to actnhes
from
.

trf customer such

c)
goods Isernia
No .

③ Cost not covered

by 2/16/38/401116 v
to

relation to the Same is not Goods delivered Ant read today

the
Capitalize
Cost until in
.

revenue
delivered
of recognition of today receipt goods upfront fees
.

recognized (
Amortize the period revenue or
Non refundable
.

over
after after 12M
-

12M
.

-
-
-

Impair if not expected to be recovered ) to ① Amt real

today
is ale -
as
-
Relates to specific Gls
inceptiontrf .

at → Allocate to such as -

① Revenue at time
of loan .
.

Else treat as Adv Payment

delivery being
-
.

Service Concession PV ② It wanted at

Arrangement e*p
.

is
of receivable at
£ BR C
not Implicit rate )
warranty
Incremental borrowing Csr to such loan -

by
-

rate C Not
Implicit rats transfer of
Fixed Consideration ④ At time of
Consideration Saleable
Variable
② Diff between Amt read .

guys
goods
.
Dr . loan Separately Not
separately
① Dnt Frame Cr Revenue C Service ) gold
Dr Receivable DI.IE?uemeg the period of and is
with int and

)°Ff¥mhE
①
.

over
Period ① Po
.

Revenue C assurance )
co
time
finance component if Considered as
separate
.

①
.

No
.

of )
.

( FV Gls
of
at such time at discretion customer
-

① considered
is
.

Dei ; Not
-

for ① very Revenue

.

② Amt receivable is adjusted ② over

Recognized
as
② Ep incurred ale Gnzra #Got
-

Performance Protection fo
as
②
. .

trf as
separate
finance element if Control
Period of warranty
- .

such
received future recognized
time
Iff of ③ Variable consideration
Revenue
in
receivable has ③ Am
② .ni
.
-

and nmr
of geog
.

expected
.

et
.

C ratio of cost
'

Consideration to customer
than 12in as revenue
② Payable
-

zed
.

more .

ay qzog
warranty )
,
such
,

④ ITA amortized over such Period

③ If any
ant receivable for other
Provision for
Amounts
of receipt ③ warranty esp
.

For
goods I service No
good No
.

③ Provision
when
service ( maintenance ) recognize service
made for
such rendered ① Revenue recognized at Gross such
warranty
service
Reduced from
.
es

adjusted
received future AGT
etat
?
in
④ Amr
to customer TP per 2nd AS 37
② ;o
paid
. .

,
such receivable
against
-
.

is ale as
expense

FUL Amt paid for Gls

If
.

① FV .

of such
goods service

expense d

② Revenue = TP . -
( Amt . Paid - FV )