I agree with Dr. Silvia about the evolution of Accounting for Revenue Recognition. I like the she clearly discussed that the guidance assumes that the performance obligation is satisfied at point in time. Thank you very much. I am inspired with her that's why I created, thru youtube, also some lecture on IFRS.
Your video is clear and much appreciated Silvia!Can I please ask how this IFRS15 would affect the university sector where the typical contracts are related to student fees and research fundings?Appreciate your reply on this matter. Thank you.
Silvia thanks for your clarity on IFRSs. I have a question how do you recognise and account for a sale of licence right to drink (juice) distributor. Giving them rights to sell the drink in that region exclusively for an unlimited period, the drink can be manufactured anywhere. However the the seller can also manufacture it for the buyer?
U are a great simplifier ... :-) love to watch these simplified videos. Only things is some of ur videos are having a really low audio volume and some are good. If you could increase the volume of your videos it would be amazing... 😊
Thanks for sharing us the video. Our company's HQ is at Japan. They are asking About new "Revenue Recognition Standard". Recently many companies has introduced a new revenue recognition standard for convergence to IFRS 15 "Revenue from contract with Customers ". Did your company already have such a standard in effect as of Mar 2020? What answer should I reply to them???
I'm looking at company balance sheet that lost 4.5 billion in equity value and their equity went negative when they moved to IFRS 15 because all the contract liabilities were added on their balance sheet. I'm just wondering how is that possible? Were they able to hide 4.5 billion (their whole equity value) amount of losses in the previous accounting standards?
Wow. Well, one way this can happen is that they accepted some advance payments from customers and booked them straight to revenues... although you can't do this under IFRS 15. But the whole equity value - that's WOW.
Superb, this channel is underrated
Very simple and easy to understand scope cover of IFRS 15. Some practical examples would've come in handy. Good job :)
Thanks SILVIA. One of the complex Standard has been explained in brief. I'm expecting IFRS 16 summary.
Great discussion, made the standard very clear now
I agree with Dr. Silvia about the evolution of Accounting for Revenue Recognition. I like the she clearly discussed that the guidance assumes that the performance obligation is satisfied at point in time.
Thank you very much. I am inspired with her that's why I created, thru youtube, also some lecture on IFRS.
Very Nice presented Video Silvia.. Good theoretical explanation.. It will be excellent if you can end with examples for the same.. Thxs..
Does this IFRS15 include calculations?
God bless you, thank you it helped me a lot
Thank you so much Silvia
Hi Silvia are you planning to include IFRS 17 in your presentation
Hi Silvia, i love your IFRS vids. Thank U a lot off. God bless U.
Hi Silvia ..
Your lectures are just superb in these vedios. Keep up the excellent work.
Good work.. Silvia
Great work keep doing it
Thanks very much well explained!!
great as always, thank you very much
Awesome 👏 thank you
Your video is clear and much appreciated Silvia!Can I please ask how this IFRS15 would affect the university sector where the typical contracts are related to student fees and research fundings?Appreciate your reply on this matter. Thank you.
This is really good explained. Thanks Silvia 👍
Hi Silvia,
Is there any written document is available for reference
Thanks explained beautifully
Thank you for educational videos - they are quite concise yet informative. I'm curious to know what software do you use to create these videos.
Silvia thanks for your clarity on IFRSs. I have a question how do you recognise and account for a sale of licence right to drink (juice) distributor. Giving them rights to sell the drink in that region exclusively for an unlimited period, the drink can be manufactured anywhere. However the the seller can also manufacture it for the buyer?
Very nice presentation, its very helpful
Nice presentation. But the audio of the video is a bit low even if my phone's volume is in max.
Thank you so much
U are a great simplifier ... :-) love to watch these simplified videos. Only things is some of ur videos are having a really low audio volume and some are good. If you could increase the volume of your videos it would be amazing... 😊
Useful and informative. Thank u
Thanks a lot !
Awesome and simple,Thanks for sharing
Mehtab Hassan úý
Nice presentation and very useful
thanks for video.
WOW, Very well explained, Thank you for sharing such a wonderful video.
Thanks for sharing us the video. Our company's HQ is at Japan. They are asking About new "Revenue Recognition Standard".
Recently many companies has introduced a new revenue recognition standard for convergence to IFRS 15 "Revenue from contract with Customers ".
Did your company already have such a standard in effect as of Mar 2020?
What answer should I reply to them???
excellent !
please upload IFRS-14
Could you explain details about stand alone price
Great videos you have. How do you do the animations?
All the best. : - )
thank you- very helpful
Great! It is Very nice.
I'm looking at company balance sheet that lost 4.5 billion in equity value and their equity went negative when they moved to IFRS 15 because all the contract liabilities were added on their balance sheet. I'm just wondering how is that possible? Were they able to hide 4.5 billion (their whole equity value) amount of losses in the previous accounting standards?
Wow. Well, one way this can happen is that they accepted some advance payments from customers and booked them straight to revenues... although you can't do this under IFRS 15. But the whole equity value - that's WOW.
Thank you ~
Thank you❤️
Thats very simple, thank you
Excellent. Thanks.
But this video sound is lower than the other video's sound 🔊
Oh, I'm sorry, I'll try to improve that in my future videos!
I thought I had a problem.
Best video ever! it's useful to me. Thank you very much!
Excellent
leases are IFRS 16 :)
Great!
Thank you
Do you have an app?
Not yet, working on it!
please share example here
Character In the video It's great, I like it a lot $$
Its not IFRS 118 ?
The older standard was IAS 18. The new one is IFRS 15.
Thanks and love from Bangladesh. But can u pls come up with example along with presentation in the financial statements.
Why did they change the statement from “risks and rewards” to “control”?
to conform to the new definition as asset.. risk and rewards are only few indicators of control.
I need a video on IAS 2
Hi Silvia, keep up the great contents! Would love to see a video explaining IAS 41
Voice is too low
Very low sound but very informative
Best video ever!
You're hoooooot!!!!!
Thank you so much Silvia
Thank you ❤
Thanks a lot 👍
Thank you
Thank you so much Silvia