Ind AS 115 – Revenue Nov’24 RTP uses revenue scenarios with financing component + right of return + retrospective price changes/variable consideration.

(Framework-heavy MCQ style, not memory.)

Expect judgement + allocation logic: contract modification, variable consideration updates, upfront payments treated as transaction price adjustment.

Do not prepare only journal entries—prepare logic + working notes.

Ind AS 116 – Leases Nov’24 RTP tests the “identified asset + substitution rights” decision tree using fiber cable scenarios (scope question). Jan’26 focus is likely to be computational + conceptual: lease term judgement, ROU + lease liability, depreciation, modifications. Ind AS 103 / Business Combinations May’25 RTP pushes contingent liabilities + indemnification assets, and also reinforces stage acquisition mechanics. Prepare for business combination caselets where ICAI checks: what is recognized vs disclosed + how goodwill shifts. Ind AS 21 – Foreign operations May’25 RTP explicitly tests CTA treatment on disposal of foreign subsidiary (what goes to P&L, what stays in OCI). Jan’26 again signals net investment + OCI vs P&L distinctions. This is a repeatable exam favourite. Ind AS 32 – Financial Instruments (Presentation) May’25 RTP includes convertible debenture split (liability + equity) and accounting on repurchase. Jan’26 continues with complex instruments (e.g., OCDs / conversion vs redemption outcomes). Workings matter. Ind AS 16 / Provisions / Dismantling PV Nov’24 RTP tests restoration obligation logic (constructive obligation angle) + discounting logic. Sep’25 RTP again tests dismantling PV + abnormal costs + major overhaul. Jan’26 students must be fluent in PV + unwinding + capitalization exclusions (abnormal costs). Ind AS 23 – Borrowing Costs Nov’24 RTP highlights the examiner’s favourite trap: cash outflow basis vs accrual basis for capitalization. Jan’26 can test commencement criteria + temporary investment income set-off. Learn the template. Consolidation (Ind AS 110 + CFS) Nov’24 RTP includes a full consolidation build with deferred consideration + goodwill + PPE FV adjustments. Sep’25 RTP includes loss of control and retained investment treatment. Jan’26 signal: consolidation is non-negotiable (group ESOPs, foreign ops, loss of control, consolidated cash flows).