Principal vs Agent IFRS 15: Gross Revenue or Net Commission?

Read the full article with more examples:
https://www.cpdbox.com/ifrs-revenue-principal-agent/
Watch more IFRS 15 videos:
https://www.youtube.com/playlist?listPLf-MINbacZi0Du5nHaJWKKvlFCPp7D7NL
Should you recognize the full amount charged to the customer as revenue, or only your commission?
In this video, I explain the principal vs agent assessment under IFRS 15 and show how to decide whether revenue should be recognized gross or net. We use a simple digital marketplace example to compare accounting by an agent and accounting by a principal.
Content:
00:00 Agent vs principal under IFRS 15: gross or net revenue?
00:27 Illustration: agent vs principal issue
01:17 IFRS 15 main rules about agent vs principal
02:14 IFRS 15 indicators for determining whether an entity is a principal
03:53 Example: is a digital marketplace an agent or a principal?
04:26 Scenario A: accounting for revenue by an agent
05:22 Scenario B: accounting for revenue by a principal
06:09 Why does it matter?
06:59 Wrap-up
Free IFRS checklists and articles:
https://www.cpdbox.com/
Online IFRS course by Silvia, CPDbox:
https://www.cpdbox.com/ifrs-kit/
Subscribe to Silvia’s free IFRS newsletter:
https://www.cpdbox.com/
#IFRS #IFRS15 #RevenueRecognition #IFRSaccounting #PrincipalAgent