Transition Method

1 Full retrospective method C3a SCORING: 1 – If nagdisclose ang company sa kung unsa na method ilang gigamit para mag transition to PFRS 15
2 Simplified method C3b (either full or simplified; DILI PWEDE BOTH; 1 SCORE ON ONE METHOD MAKES THE OTHER N/A)
DILI MAG SCORE UG 0
FULL RETROSPECTIVE (FR): Prior year comparative amounts are restated with a resulting adjustment to the opening
balance of retained earnings in the earliest comparative period EX: dili na ma adjust ang income statement (nominal
accounts) balances, if naay iadjust, ihapak siya sa retained earnings
SIMPLIFIED (S): iapply ang IFRS 15 only from the date of initial application (first-year adoption nila) = adjust the
opening balances of retained earnings (or another component of equity, as appropriate) at the date of initial
application, dili na required mag adjust sa prior year comparatives (dili na need iconsider ang contracts nga
completed before sa date of initial application)
ADDITIONAL: need idisclose ang amount sa kada current year financial statement line item nga affected as a result
sa pagapply sa IFRS 15 and reasons why ngano na ang significant changes between the results reported under IFRS
15 and the previous standard nga gifollow

3 Information about the use of practical expedients
C5; SCORING: 1 – if presented and disclosed ang pagavail and if unsa na expedient ang gigamit (quali)
C7 SCORING: N/A – optional lang ang pagavail sa relief (unfair sa uban entities ang scoring if scoran ug 0 and since dili
pud siya mandatory na mag use ug practical expedient)
FR 4 PRAC EXP: //1 FOR COMPLETED CONTRACTS – natransfer na ang goods and services Dili mag restate ug
contracts that begin and end within the same annual reporting period; Not required to restate contracts that were
completed at the beginning of the earliest period presented Ex: Entity’s first time adoption on 2018 year end and
nag present ug comparative info for 2017 year end, contracts nga na complete by 2016 year end di na need
ievaluate//
//2 FOR COMPLETED CONTRACTS THAT HAVE VARIABLE CONSIDERATION – amount of consideration estimate,
pwede discount, rebate, refund, credits, incentives, etc, It may be explicitly or implicitly, depende sa company
pwede mag use sa transaction price at the date the contract was completed, instead of estimating variable
consideration amounts in the comparative reporting periods//
//3 CONTRACTS THAT WERE MODIFIED BEFORE THE BEGINNING OF THE EARLIEST PERIOD PRESENTED not required
to apply the requirements for contract modifications separately to each earlier modification. Instead, ireflect ang
aggregate effect ato na modifications if musulud siya sa conditions//
//4 REPORTING PERIODS PRESENTED BEFORE THE DATE OF INITIAL APPLICATION dili na need mag disclose sa
amount of transaction price allocated to the remaining performance obligations and explanation kung when
magexpect ang entity na irecognize nan ga amount as revenue//
S PRAC EXP: may apply in respect of contract modifications (kanang FR #3 NA PRAC EXP) before the beginning of
the ealiest period presented or modifications nga nagoccur before the date of initial application
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Contracts with Customers – Panel A: Contracts with Customers
4 Revenue recognized from contracts with customers
disclosed separately from other sources of revenue
5 Impairment losses recognized on any contract assets
arising from an entity’s contracts with customers
disclosed separately from impairment losses from other
contracts
6 Disaggregation of revenue after IFRS 15 adoption
Contracts with Customers – Panel B: Contract Balances
7 The opening and closing balances of contract assets and
contract liabilities
113A SCORING: 1 – if nagdisclose ang company sa revenue nga gikan sa contracts with customers separate from other
revenues
SCORING: 0 – required disclosure so dapat idisclose regardless of unsa ang nature sa company
113B SCORING: 1 – if nag disclose explicitly ug impairment loss specifically for contract asset (#7)
SCORING: 1 – if naay contract asset, pero walay impairment = walay contract asset na iimpair
SCORING: 1 – if naay contract asset, then nistate specifically na way impairment lossv
SCORING: 1 – if naay statement like “subject to impairment assessment”
SCORING: 0 – if naay contract asset na gidisclose sa #7 pero walay gidisclose about sa impairment losses (explicitly
muingon walay impairment among asset)
SCORING: 0 – if naay impairment loss pero wala gisegregate ang contract assets
SCORING: N/A – if walay contract asset, walay iimpair
IMPAIRMENT: mas observable sa companies nga naay long-term contracts
LIMITATION: FS ra ang gibasehan sa study, dili mabal.an if naay impairment since wala gidisclose
114- DISAGGREGATION: depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected
115 by economic facts (other categories might also be present aside sa gilista above)
 Type of good or service
 Geographical region
 Market or type of customer
 Contract duration
 Timing of transfer of goods or services
SCORING: 1 – if nag disaggregate ug atleast one na category (depende sa unsay applicable sa company)
SCORING: 0 – required disclosure so dapat idisclose regardless of unsa ang nature sa company (not optional)
116 CONTRACT ASSETS: arises when an entity has done work for a customer that has been recognized as revenue to
date pero wala pa naka issue ug invoice or wala pa naka receive ug payment para ana nga work
CONTRACT LIABILITY: an entity has invoiced the customer or receiver payment gikan nila pero wala pa naka do sa
work and if ang payment na receive kay nag exceed sa revenue na girecognize to date
SCORING: 1 – if nag disclose quanti both sa contract assets and contract liabilities
OTHER TERMS: CONTRACT LIABILITIES = deferred revenue/income, unearned revenue, or refund liability
CONTRACT ASSETS = progress payments to be billed, unbilled receivables, or unbilled revenue, accrued income
SCORING: 0 – if wala ang other, need na naa ang duha

8 An explanation of how the timing of satisfaction of the
performance obligations relates to the typical timing of
payment and the effect that those factors have on the
contract asset and the contract liability balances
9 An explanation of the significant changes in the contract
asset and the contract liability balances during the
reporting period
Contracts with Customers – Panel C: Performance Obligations
10 Performance obligations description
11 The aggregate amount of the transaction price allocated
to the performance obligations that are unsatisfied (or
partially unsatisfied) as of the end of the reporting period
12 A quantitative or qualitative explanation of when the
entity expects to recognize as revenue the amount of
IF ISA RA SA DUHA ANG NAA, FURTHER INVESTIGATION IS NEEDED (CROSS-REFERENCE WITH OTHER YEARS) THEN
IF NAA, INOTE LANG AFTER
SCORING: N/A – if walay makita na balance sa isa ka year, cross-reference sa other year; if naay makita balance ato
na year 1
117 SCORING: 1 – if nag disclose ug quali information nga nagexplain if giunsa ang timing of satisfaction sa performance
obligation pag relate sa typical timing of payment and if unsa iyang effects sa contract assets and contract liabilities
SCORING: 0 – required disclosure so dapat idisclose regardless of unsa ang nature sa company (not optional)
SCORING: N/A – if walay contract balances = walay need iexplain
118 SCORING: 1 – if nag disclose ug quali or quanti na information nga nagexplain significant changes sa contract assets
and contract liability balances
SCORING: 0 – required disclosure so dapat idisclose regardless of unsa ang nature sa company (not optional)
119 SCORING: 1 – if nag show ang financial statement ug information about the performance obligations in contracts
with customers (quali) any of the ff:
A. Nature of the goods or services that the entity has promised to transfer
B. When typically isatisfy ang performance obligation sa entity (point in time or overtime)
C. Significant payment terms
D. Obligations for returns, refunds, and other similar obligations
E. Types of warranties and related obligations
SCORING: 0 –required man siya by the standard (not optional)
120(a) SCORING: 1 – (A) if naay quantitative disclosure sa aggregate amount of the transaction price allocated to the
performance obligations nga unsatisfied (or partially unsatisfied) at the end of the reporting period
SCORING: 0 – if wala nag explain quantitatively and wala nag mention nagapply ug practical expedient
SCORING: N/A – if nag avail sa practical expedient
120(b) (B) if naay quali or quanti explanation kung when nag expect ang entity na irecognize ang aggregate amount of the
transaction price allocated sa mga unsatisfied (or partially) performance obligations as of the end of the period
 unsatisfied performance obligations as of the end of the SCORING: 0 – if wala nag explain quantitatively and wala nag mention nagapply ug practical expedient
reporting period SCORING: N/A – if nag avail sa practical expedient

13 Practical expedient about the unsatisfied performance
obligations as of the end of the reporting period
121- SCORING: 1 – if nag explain sila quali nga nag apply sila ug practical expedients na gioffer sa para 121 and kung any
122 consideration from contracts with customers kay not included sa transaction price = dili pud included sa
information disclosed sa para 120
SCORING: N/A – optional siya therefore not required, if scoran siya ug 0 unfair for other companies ang scoring
PRAC EXP: dili na need mag disclose ug information about the aggregate amount sa transaction price allocated to
the unsatisfied performance obligations if either of the conditions in para 121 are met

Significant Judgements Made in Applying IFRS 15 – Panel A: Determining the timing of satisfaction of performance obligations (QUALITATIVE)
14 The timing of satisfaction of performance obligations 123 SCORING: 1 – if nay disclosure kung when masatisfy ang obligation sa contract, either point in time , over time or
both.
SCORING: 0 – if no information sa pagdisclose about sa timing of satisfaction sa PO
15 The timing of satisfaction of PO is only “Point in time” SCORING: 1 – if ang PO sa company kay ONLY POINT IN TIME RA
SCORING: N/A - if ang PO sa contract kay over time or both point in time and overtime
Note: Ang satisfaction sa PO kay either sa item 15, 16 ug 17 maong N/A ang other 2 if present ang 1
16 The timing of satisfaction of PO is only “over time” SCORING: 1 – if ang PO sa company kay ONLY OVER TIME RA
SCORING: N/A - if ang PO sa contract kay point in time or both point in time and overtime
Note: Ang satisfaction sa PO kay either sa item 15, 16 ug 17 maong N/A ang other 2 if present ang 1
17 The timing of satisfaction of PO is both “Point in time” SCORING: 1 – if ang PO sa company kay both point in time ug over time
and “over time” SCORING: N/A - if ang PO sa contract kay only point in time OR only over time
Note: Ang satisfaction sa PO kay either sa item 15, 16 ug 17 maong N/A ang other 2 if present ang 1
18 The methods used to recognize revenue output/input 124 SCORING: 1 – if nagprovide ug information kung unsa nga method ang giuse, input ba or output method
methods SCORING: 0 - if wala gyud sila gadisclose ug information about methods
SCORING: N/A - if ang performance obligation kay dili satisfied over time
Note: Applicable only if naay performance obligation na masatisfy over time.
19 An explanation of why the methods used provide a 124 SCORING: 1 – if nagprovide ug information kung ang giuse na method kay appropriate ba siya ug naghatag ug
faithful depiction of the transfer of goods or services, faithful depiction sa pagtransfer ug goods or services
when the timing is “over time” SCORING: 0 - if wala gyud sila gadisclose ug information about faithful depiction
SCORING: N/A - if ang performance obligation kay dili satisfied over time
Note: Applicable only if naay performance obligation na masatisfy over time.
20 An explanation of why the PO is satisfied at “a point in 125 SCORING: 1 – if nagprovide ug information kung nganong ang pagsatisfy sa PO kay point in time
time” SCORING: 0 - if walay information about the explanation nganong point in time ang satisfaction
 SCORING: N/A - if ang performance obligation kay satisfied over time
Note: Applicable only if naay performance obligation na masatisfy at a point in time
Significant Judgements Made in Applying IFRS 15 – Panel B: Determining the transaction price and amounts allocated to performance obligations
21 Determining the transaction price and the amounts 123 TRANSACTION PRICE: amount of consideration to which an entity expects to be entitled in exchange for
allocated to PO transferring promised goods or services
SCORING: 1 – if nag disclose if giunsa ang allocation
SCORING: 0 – required disclosure so dapat idisclose regardless of unsa ang nature sa company (not optional)
22 Allocation of the transaction price 126 SCORING: 1 – if nag disclose if giunsa ang allocation
SCORING: 0 – required disclosure so dapat idisclose regardless of unsa ang nature sa company (not optional)
23 Variable consideration SCORING: 1 – if naay information about methods, inputs and assumptions about sa variable consideration
SCORING: 0 – required disclosure so dapat idisclose regardless of unsa ang nature sa company (not optional)
24 Financing component SCORING: 1 – if naay information about methods, inputs and assumptions about sa financing component
SCORING: 0 – required disclosure so dapat idisclose regardless of unsa ang nature sa company (not optional)
SCORING: N/A – if nag explicitly disclose nga nag apply silag practical expedient
25 Practical expedient about financing component SCORING: 1 – if nag mention nga nag apply silag practical expedients
SCORING: N/A – optional siya therefore not required, if scoran siya ug 0 unfair for other companies ang scoring
26 Discounts SCORING: 1 – if naay information about methods, inputs and assumptions about sa discounting component
SCORING: 0 – required disclosure so dapat idisclose regardless of unsa ang nature sa company (not optional)
27 Contract modification SCORING: 1 – if naay information about methods, inputs and assumptions about sa contract modifications
SCORING: 0 – required disclosure so dapat idisclose regardless of unsa ang nature sa company (not optional)
Assets Recognized from the Costs to Obtain or Fulfil a Contract with a Customer
NONCOMPLIANCE SA IT INDUSTRY – need na icapitalize ang contract costs kung nagmeet sila sa requirements stated sa paragraphs 91 ug 92, as compared sa mga niagi nga standard nga
allowed ra ang companies nga mag make ug policy if iexpense or defer nila ang incremental costs. EX: icapitalize na ang commissions since dili mani gina consider sa standard kung direct
ba sila para ma expense, and karon need na siya icapitalize and amortize
NOT APPLICABLE SA RETAIL INDUSTRY - ang nature sailang transactions kay ipass ang control sa product after its delivery = contracts costs not applicable

28 Costs to obtain a contract 127 COSTS TO OBTAIN - costs na dili mu incur if wala na obtain ang contract and expected ni sila to be recovered from
29 Costs to fulfil a contract 127 the customer
EX - commissions, legal fees, fees sa procurement process
COSTS TO FULFIL - kani kay need siya iidentify if related siya directly sa contract, if ang costs kay used to generate
or enhance resources para maka satisfy the performance obligation in the future, and expected siya to be
recovered. Costs relating to satisfied or partially satisfied perfiormance obligations (past performance) kay
expensed na siya.
 EX COSTS RELATED DIRECTLY SA CONTRACT - direct labor and materials, payments to subcontractors, rent sa
materials or offices, basta anything na explicitly chargeable sa customer under sa contract and subcontractor costs.
EX COSTS THAT SHOULD BE EXPENSED IN P&L AS INCURRED - general and administrative (unless explicitly
chargeable to the customer under the contract), training costs, costs na related sa satisfied performance
obligations, and costs na dili ma distinguish sa entity if related ba sa unsatisfied or satisfied performance
30 The method of amortization 128 AMORTIZATION - kani related rani sa items above like ang kaning costs to obtain and fulfil since diri imention if
giunsa to nila pagamortize like for
EX: straight line ba if services are provided evenly over the contract period or other method
SCORING: 1 – if nag disclose sila sa method of amortization na ilang giuse for contracts (quali)
SCORING: 0 – required disclosure so dapat idisclose regardless of unsa ang nature sa company (not optional)
31 The amount of amortization 128 SCORING: 1 – if nag disclose silag amount of amortization for contracts (quanti)
SCORING: 0 – required disclosure so dapat idisclose regardless of unsa ang nature sa company (not optional)
32 Closing balances of contract costs by main category 128(a) SCORING: 1 – if naa silay quanti disclosure sa closing balances sa assets recognized from costs to fulfil and obtain,
respectively (like naka separate ang items according sa kung to obtain ba sila or fulfill)
SCORING: 0 – required disclosure so dapat idisclose regardless of unsa ang nature sa company (not optional)
33 Practical expedient about the incremental costs of 129 SCORING: 1 – if nag explain sila quali nga nag apply sila ug practical expedients para sa incremental costs of
obtaining a contract obtaining a contract
SCORING: N/A – optional siya therefore not required, if scoran siya ug 0 unfair for other companies ang scoring
PRAC EXP: irecognize ang incremental cost as expense when incurred if ang amortization period sa asset kay one
year o less
ADDITIONAL: Ang uban costs to obtain a contract na dili mu fit ato kay expensed when incurrde, unless if explicitly
chargeable siya sa customer regardless kung nakuha ang contract or wala.
2 *The following items refers to “Not Applicable (N/A)” years on N companies:
3 a – 2018 c – 2020 e – 2018 and 2019 g – 2018, 2019, 2020
4 b – 2019 d – 2019 and 2020 f – 2018 and 2020
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