... by the PCAOB at the time. This case study is designed to aid instructors in teaching accounting for sales with right of return under ASC 606 and is suited for an intermediate financial accounting course or a graduate course in accounting research. Students are required to exercise higher-order skills...

..., Hyderabad, India. Editor's note: Accepted by Elizabeth Dreike Almer. 1 10 2020 1 4 2021 2022 revenue recognition construction contracts IFRS 15 ASC 606 accounting policy Ind AS 115 The rotation of the statutory auditors of Prestige Projects Limited resulted...

... revenue recognition policies and restated its financial statements for three prior years. The case provides a real-world situation with complex contracts through which students can improve their understanding of the five-step revenue recognition process under ASC 606, which became effective in fiscal year...