JUMOQ Learning · Revenue & Government Grants

Applying Ind AS 115 - Point-in-time versus Over-time Recognition and Progress

Determine whether revenue is recognised over time or at a point in time and build faithful measures of progress.

INDAS115-I03Intermediate

Course director: Venkata Subramani Ramachandra

3 hr 11 minFull study estimate

Full study estimate: 3 hr 11 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.

Over-time criteria

LessonOver-time criteria
VideoThe Three Over-time Tests
QuizLesson 1 knowledge check
Decision MissionDecision Mission - choose and justify the accounting pathway

No alternative use and enforceable right to payment

LessonNo alternative use and enforceable right to payment
VideoPoint-in-time Control Indicators
QuizLesson 2 knowledge check
Case QuestCase Quest - investigate the evidence and reach a conclusion

Control indicators for point-in-time recognition

LessonControl indicators for point-in-time recognition
VideoOutput Methods and Right to Invoice
QuizLesson 3 knowledge check
Impact SimulatorImpact Simulator - test measurement and sensitivity assumptions

Output methods

LessonOutput methods
VideoCost-to-cost, Exclusions and Catch-up Adjustments
QuizLesson 4 knowledge check
Practice LabPractice Lab - complete the applied accounting workflow

Input methods and changes in measure of progress

LessonInput methods and changes in measure of progress
QuizLesson 5 knowledge check

Decision framework for timing and progress

LessonDecision framework for timing and progress
QuizLesson 6 knowledge check
AssignmentTechnical Assignment - prepare an accounting paper and workings
Downloadable resourceINDAS115-I03-DP01
Downloadable resourceInd AS 115 Standard Map, Scope and Decision Checklist

Final Assessment

QuizApplying Ind AS 115 - Point-in-time versus Over-time Recognition and Progress - Final Assessment

Certificate

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

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