RELEVANT PARAS FROM IFRS

Standard Para reference

IFRS-15 1. Step 1
a. Criteria for identification of contract (Para 9)
b. If Contract does not meet contract still revenue recorded (Para 15)
c. Contract termination (Para 12)
d. Contract combination (Para 17)
2. Step 2
a. Performance obligation definition (Appendix A)
b. Distinct (Para 27)
c. Examples of Promised goods or services (Para 26)
3. Step 3
a. Transaction Price (Appendix A)
b. Non-cash consideration (Para 66,69)
c. Consideration payable to customer ((Para 70,72)
4. Step 4
a. Standalone selling price (Appendix A)
b. Methods of estimating standalone selling price (Para 79)
5. Step 5
a. Indicators when a control is transferred (Para 38)
b. PO is satisfied over time (Para 35)
c. Incremental cost of obtaining contract (Para 91,92,93,94)
d. Cost to fulfill contract (Para 95,97,98)
IFRS-16 1. Para 53 (Lessee Disclosure)
2. Para 90,92,93,94 (Lessor Disclosure)
3. Definitions (Appendix A) (Guaranteed and unguaranteed residual value)
4. Primary indicators of finance lease (5 indicators) (Para 63)
5. Secondary indicators of finance lease (Para 64)
IAS-38 1. Para 56 (Examples of research),
2. 57 (6 criteria of development phase),
3. 59 (Examples of development),
4. 66 (Cost components of internally generated assets)
5. Para 8 (Definitions)
6. Para 118 (Disclosures)
IAS-12 1. Para 5 (Definitions)
IAS-10 1. Para 3
2. Para 21,22 (Examples of non-adjusting events)
IAS-37 1. Para 10,14,45,48,51,53,54, 63,64,65,68
2. Restructuring (70,72,80,81,82,83)
2. Para 84,85 (Disclosures of provision)
3. Examples from IFRS Part-B
IAS-41 1. Para 5,10,34,35,
2. Disclosures Para 50,54,57
IFRS-8 1. Para 5,12,13,15,22,23,24,28,32,33,34
IAS-21 1. Para 9 (Primary indicators of Functional currency)
2. Para 10 (Secondary indicators of Functional currency)

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SIC32 IFRS Part B
IFRS 3 Appendix A Definitions (Page 492 of book)
and Para 5
IFRS 10 Para 4,7
Appendix A Definitions (Page 492 of book)
Appendix B B11, B15, B57
IAS-28 Para 6

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