Apply revenue principles to timing, contract balances and gross-versus-net presentation questions.
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Understand when revenue belongs in the accounts. Compare AS 9 and Ind AS 115, then work through customer advances, a ₹12 lakh package and uneven service work.
A practical Ind AS 115 guide to distinguishing contract assets, receivables and contract liabilities, with decision rules, worked examples, journal logic and a month-end reconciliation checklist.
A practical Ind AS 115 guide to principal-versus-agent assessment, control before transfer, gross versus net revenue, key indicators, worked examples and an audit-ready checklist.
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Understand how Ind AS 115 treats forwards, seller call options and customer put options, and when a repurchase clause changes an apparent sale into a lease, financing arrangement or sale with a right of return.
A practical Ind AS 115 guide to deciding whether a contract change is a separate contract, a prospective termination-and-new-contract adjustment, or a cumulative catch-up.
A practical Ind AS 115 guide to bill-and-hold revenue, the four control conditions, year-end documentation, custodial services and worked examples showing when invoicing before delivery does and does not support revenue recognition.
A practical guide to Ind AS 115 contract costs: when incremental sales commissions and fulfilment costs are capitalised, when costs are expensed, how the asset is amortised and how impairment works.
A practical Ind AS 115 guide to significant financing components, including the cash selling price test, exceptions, one-year practical expedient, discount rate, advance payments and a worked deferred-payment example.
A practical guide to classifying warranties under Ind AS 115, deciding when a warranty is a separate performance obligation, and accounting for assurance-type warranty costs under Ind AS 37.
A practical Ind AS 115 guide to principal-versus-agent assessment, control before transfer, gross versus net revenue, key indicators, worked examples and an audit-ready checklist.
A practical Ind AS 115 guide to distinguishing contract assets, receivables and contract liabilities, with decision rules, worked examples, journal logic and a month-end reconciliation checklist.
Understand when revenue belongs in the accounts. Compare AS 9 and Ind AS 115, then work through customer advances, a ₹12 lakh package and uneven service work.
Using this collection
Start with the underlying performance and control analysis, then use the contract-balance and principal-agent guides for presentation. The collection is intentionally focused on three recurring decision areas rather than repeating the complete standard.
Identify the customer, enforceable rights, promised goods or services and distinct performance obligations before determining timing. Billing milestones or cash collection do not by themselves establish that revenue should be recognised; connect the conclusion to transfer of control.
Contract assets, receivables and contract liabilities reflect different rights and obligations. Principal-versus-agent analysis separately determines whether the reported amount is gross or net.
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