Ind As 115
Ind As 115
Ind As 115
As per the Provisions of Ind AS 115, The following Aspects will be covered under
the Statement :-
Nature of Revenue
Timing of Revenue
Amount of Revenue
Contracts with subsidiary, Associates & joint ventures (Ind AS 110, 28, 111)
The customer will Enjoy the remaining Benefits from the Goods/Services and
Customer can restrict others from taking benefits from Goods/Services.
Additional points to be considered :
Point 1 : Methods of Transferring the control As per the Provisions, Control can
be transferred by 2 methods as follows:-