JUMOQ Learning · Revenue & Government Grants

Applying Ind AS 115 - Licences, Rights of Return, Repurchase and Special Arrangements

Apply the licence model and account for returns, repurchases, consignments, bill-and-hold arrangements and customer acceptance.

INDAS115-I05Intermediate

Course director: Venkata Subramani Ramachandra

2 hr 55 minFull study estimate

Full study estimate: 2 hr 55 min

Self-paced estimates for one pass through the course. Practical work includes activities, assignments and resource study. Your pace may vary; breaks and repeat attempts are extra. All course and certificate requirements still apply.

Inside this course

Select a topic to see its lessons, videos, practice activities and resources.

Right to access versus right to use licences

LessonRight to access versus right to use licences
VideoRight to Access versus Right to Use
QuizLesson 1 knowledge check
Decision MissionDecision Mission - choose and justify the accounting pathway

Sales with a right of return

LessonSales with a right of return
VideoReturns - Revenue, Refund Liability and Recovery Asset
QuizLesson 2 knowledge check
Case QuestCase Quest - investigate the evidence and reach a conclusion

Repurchase agreements

LessonRepurchase agreements
VideoRepurchase and Consignment Arrangements
QuizLesson 3 knowledge check

Consignment arrangements

LessonConsignment arrangements
VideoBill-and-hold, Acceptance and the Control Test
QuizLesson 4 knowledge check
Practice LabPractice Lab - complete the applied accounting workflow

Bill-and-hold and customer acceptance

LessonBill-and-hold and customer acceptance
QuizLesson 5 knowledge check

Decision framework for licences and special arrangements

LessonDecision framework for licences and special arrangements
QuizLesson 6 knowledge check
AssignmentTechnical Assignment - prepare an accounting paper and workings
Downloadable resourceInd AS 115 Standard Map, Scope and Decision Checklist
Downloadable resourceINDAS115-SPEC-COM-DP01

Final Assessment

QuizApplying Ind AS 115 - Licences, Rights of Return, Repurchase and Special Arrangements - Final Assessment

Certificate

CertificateCertificate of completionUnlocks after every quiz is completed at its required pass mark and all course requirements are complete.

Checking current course access…