FINANCIAL REPORTING · MODULE 3

Revenue, provisions and contingencies

Work from a customer promise to earned revenue, and from an uncertain claim to the right recognition or disclosure decision. Six connected topic guides combine original worked examples, balanced journal entries and printable decision tools.

13 PDFsIncludes 4 flowchart guides

These independent resources use an October 2022 study context. Check the historical standards and assumptions identified with each topic and printable.

Module 3 printables

YOUR STUDY PROGRESS

My dashboard →

Topics in this module

01
Contracts, promises and modifications
Identify the accounting contract, separate its promises and decide what an approved change means for revenue already recorded and revenue still to come.
9 sections
3 PDFsIncludes 2 flowchart guides
02
Transaction price and allocation
Work from promised consideration to the amount earned for each promise, including uncertainty, financing, non-cash exchanges and discounts.
9 sections
2 PDFs
03
Revenue timing, balances and contract costs
Connect control and progress with journal entries, contract balances, contract-cost assets and informative disclosures.
9 sections
4 PDFs
04
Provisions and present obligations
Decide whether an uncertainty is a recognised provision, a possible obligation, or an expenditure that remains avoidable.
8 sections
2 PDFsIncludes 1 flowchart guide
05
Measuring provisions and journal entries
Build a defensible estimate, discount it where material, record balanced journals and reconcile the provision without hiding changes in assumptions.
8 sections
1 PDF
06
Contingencies and reporting decisions
Distinguish a recognised amount from a note disclosure, use the different inflow and outflow thresholds, and explain conclusions supported by reporting-date evidence.
7 sections
1 PDFIncludes 1 flowchart guide