Revenue Recognition IFRS15 / ASC 606 (Part 5 / 7) - Allocate Transaction Price

Описание: This is Part 5 of this 7 video series on revenue recognition.

In this video series, we have produced simple, concise yet detailed explanation of Five Step Model laid down in IFRS 15 and ASC 606

Part 5 provides a simple, concise yet detailed explanation of the fourth step of the five step model that is Allocate Transaction Price as per IFRS 15 and ASC 606 or US GAAP Topic 606
After watching this, you will get a crisp and clear understanding of what transaction price allocation is and how transaction price allocation is done

Concept has been explained with useful examples so that you may make sense of it in an easy and effective way

List of all 7 part is as below:
Part 1 - Revenue Recognition Introduction
Part 2 - Identify the contract
Part 3 - Identify Separate Performance Obligation
Part 4 - Determine Transaction Price
Part 5 - Allocate Transaction Price
Part 6 - Recognise Revenue
Part 7 - Conclusion (Summary of Five Step Model)

Please find link for other videos of this series:

Part 1:    • Revenue Recognition  IFRS 15 / ASC 606 - I...  
Part 2:    • Revenue Recognition IFRS15 / ASC 606 (Part...  
Part 3:    • Revenue Recognition IFRS15 / ASC 606 (Part...  
Part 4:    • Revenue Recognition IFRS15 / ASC 606 (Part...  
Part 5:    • Revenue Recognition IFRS15 / ASC 606 (Part...  
Part 6:    • Revenue Recognition IFRS15 / ASC 606 (Part...  
Part 7:    • Revenue Recognition IFRS15 / ASC 606 (Part...