Ind AS 115 in Just 4 Minutes | Secure Full Marks with This Trick! Sep 2025 Exam

Master Ind AS 115 | Revenue Recognition Made Simple | Indian Accounting Standards Explained

📊 Learn Ind AS 115 (Revenue from Contracts with Customers) in the most simple and practical way! This accounting standard is crucial for CA students, finance professionals, and accounting enthusiasts preparing for exams or looking to understand IFRS 15 convergence.

🎯 In this video, we break down the 5-step revenue recognition model under Ind AS 115 using real-world applications. Whether you're preparing for CA Final, ACCA, or brushing up on accounting standards, this guide is all you need!

📌 Timestamps: 00:00 - Introduction to Ind AS 115
00:45 - What is Ind AS 115?
01:30 - Why is Ind AS 115 important?
02:15 - Core principle of revenue recognition
03:00 - Step 1: Identifying the contract with a customer
04:10 - Step 2: Identifying performance obligations
05:00 - Step 3: Determining the transaction price
06:00 - Step 4: Allocating the transaction price
07:00 - Step 5: Recognizing revenue
08:15 - Exceptions and special cases
09:00 - Final thoughts and summary


Revenue recognition under Ind AS 115
Difference between Ind AS 115 and IFRS 15
Practical application of Ind AS 115
Contractual obligations and revenue timing


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