Greentick Dialogues – Traversing Revenue Recognition for New Age Startups: Microscopic Look at Finer Accounting Aspects!
- Year of Publication: 2023
- ISBN: 0
Episode Duration:
60 Minutes
Episode Background:
While new-age start-ups and unicorns are focused on developing innovative solutions and concepts, this can often lead to the development of an entirely new business model. From an accounting standpoint, the aspect of revenue recognition under Ind AS 115 (Revenue from Contracts with Customers) can be a highly complex and judgmental exercise, the analysis of which impacts new-age digital, internet-based companies in a variety of industries like Ed-Tech, D2C, E-commerce platforms, etc.
What shall the episode cover?
With an endeavor to add continuous value to our readers and power your accounting practice, India's first Accounting & Ind-AS Platform “Greentick” (https://greentick.taxsutra.com) is back with its exclusive “subscriber-only” thought leadership series titled “Greentick Dialogues” (where renowned accounting & auditing experts share their views/insights on burning accounting issues/controversies). In this context, we bring to you an episode on “Traversing Revenue Recognition for New Age Startups: Microscopic Look at Finer Accounting Aspects" with Accounting Expert Dr. Anand Banka.
1. Principal vs. Agency Relationship
2. Performance Obligations & Matching Concept
3. Accounting For Discounts; Gross vs. Net Accounting
4. Case Studies Inspired From Real Companies w.r.t Issues in Revenue Recognition
5. Commonly Committed Errors in Revenue Recognition of New-Age Start Ups along with Ideal Accounting Methodologies
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
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- Year of Publication: 2023
- ISBN: 0
Episode Duration:
60 Minutes
Episode Background:
While new-age start-ups and unicorns are focused on developing innovative solutions and concepts, this can often lead to the development of an entirely new business model. From an accounting standpoint, the aspect of revenue recognition under Ind AS 115 (Revenue from Contracts with Customers) can be a highly complex and judgmental exercise, the analysis of which impacts new-age digital, internet-based companies in a variety of industries like Ed-Tech, D2C, E-commerce platforms, etc.
What shall the episode cover?
With an endeavor to add continuous value to our readers and power your accounting practice, India's first Accounting & Ind-AS Platform “Greentick” (https://greentick.taxsutra.com) is back with its exclusive “subscriber-only” thought leadership series titled “Greentick Dialogues” (where renowned accounting & auditing experts share their views/insights on burning accounting issues/controversies). In this context, we bring to you an episode on “Traversing Revenue Recognition for New Age Startups: Microscopic Look at Finer Accounting Aspects" with Accounting Expert Dr. Anand Banka.
1. Principal vs. Agency Relationship
2. Performance Obligations & Matching Concept
3. Accounting For Discounts; Gross vs. Net Accounting
4. Case Studies Inspired From Real Companies w.r.t Issues in Revenue Recognition
5. Commonly Committed Errors in Revenue Recognition of New-Age Start Ups along with Ideal Accounting Methodologies
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
