Amatle InstituteBlog
The working behind every lesson.
Each article takes one lesson and sets out its judgements step by step, with every figure tied to the paragraph it rests on. Read it on its own, keep it open beside the lesson or use it to brief your team. New articles publish with each lesson, grouped by standard.
IFRS 15
Step 3: transaction price and variable consideration IFRS 15 Step 3: The Transaction Price Is an Estimate, Not an Invoice Total The transaction price is rarely the invoice amount, and IFRS 15 asks for two separate judgement calls before it is final. Steps 1 and 2: the contract and performance obligations IFRS 15 Steps 1 and 2: The Two Decisions Everyone Rushes Whether a contract exists and what you have actually promised are the two judgements the rest of the model quietly depends on. Principal versus agent, and licences IFRS 15 Principal Versus Agent, and Licences: Control Decides Both Gross revenue or a net fee, revenue over time or all at once: both questions in this lesson come down to who is actually in control.