FRAMEWORK fir IFRS 15 for Accounting 300/ BCTA:

Study ONLY the following paragraphs in IFRS 15:

STEPS MAIN BODY APP B IEs (Vol B) BCs (Vol C)

Scope p1 - 8 FYI – don’t study,
Recognition
- Identifying contracts Step 1 p9 - 16 - (Eg 1-4) IE 2 – IE 17 BC 67 – BC 70
- Combining contracts Step 1 p17 - - BC 71 – BC 75
- Identifying PO’s Step 2 p22 - 23 - (Eg 10-12) IE 44 – IE 65 BC 84 – BC 96
● Promises in contracts p24 - 25 BC 113 – BC 116
● Distinct G&S’s Step 2 p26 - 30 - - BC 97 – BC 112
- Satisfying PO’s Step 5 p31 - 33 - BC 117 – BC 123
● Over time p34 - 37 B 2 - B 13 (Eg 13-17) IE 66 – IE 90 BC 124 – BC 152
● At point in time Step 5 p38 - - BC 153 – BC 157
● Measuring progress Step 5 p39 - 45 B 14 - B 19 (Eg 18&19) IE 91 – IE 100 BC 158 – BC 180
Measurement Step 5 p46 BC 181 – BC 183
- Determining transaction Step 3 p47- 49 - - BC 184 – BC 188
price
● Variable consideration Step 3 p50 - 55 (Eg 20&21) IE 101 – IE 108 BC 189 – BC 202
- Constraints Step 3 p56 - 58 (Eg 22-25) IE 109 – IE 133 BC 203 – BC 233
- Reassessment Step 3 p59 - BC 204 – BC 228
● Significant financing Step 3 p60 - 65 - (Eg 26-30) IE 134 – IE 154 BC 229 – BC 247
component
- Allocating transaction price Step 4 p73 - 75 - BC 266 – BC 267
to PO’s
● Allocation on stand- Step 4 p76 - 80 - (Eg 33) IE 163 – IE 166 BC 268 – BC 276
alone SP
● Allocation of discount Step 4 p80 - 83 - (Eg 34) IE 167 – IE 177 BC 277 – BC 283
● Allocation of variable Step 4 p84 - 86 - (Eg 35) IE 178 – IE 187 BC 284 – BC 285
consideration
 STEPS MAIN BODY APP B IEs (Vol B) BCs (Vol C)
Contract costs -
- Costs of obtaining contract p91 - 94 (Eg 36) IE 188 – IE 191 BC 297 – BC 303
- Costs to fulfil contract - p95 - 98 - (Eg 37) IE 192 – IE 196 BC 304 – BC 308
- Amortisation & impairment - p99 - 104 - - BC 309 – BC 311
Presentation - p105 - 109 - (Eg 38-40) IE 197 – IE 208 BC 317 – BC 326
Disclosure - p110 - 112 IE 209 – IE 221
- Contracts with customers - p113 - 122
- Significant judgements in - p123 - 126
application
- Assets recognised - p127 - 128
- Practical expedients - p129

Application Guidance
Sale with right of return - - B 20 - B 27 - BC 363 – BC 367
Warranties - - B 28 - B 33 (Eg 44) IE 222 – IE 229 BC 368 – BC 378
Principal vs agent - - B 34 - B 38 (Eg 45-48) IE 230 – IE 248 BC 379 – BC 385
Non-refundable upfront fees - - B 48 - B 51 (Eg 53) IE 271 – IE 274 -
Consignment arrangements - - B 77 - B 78 - -
Bill hold arrangements - - B 79 - B 82 (Eg 63) IE 322 – IE 327 -
Customer acceptance - - B 83 - B 86 - -
Disclosure aggregated revenue - - B 87 - B 89 - -