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Journey: Auditor asserts the IFRS 15 revenue figures

Persona: External auditor (Big-4 or Dutch mid-market) validating recognition, variable-consideration estimates, and disclosure completeness. Spec: bookkeeping-ifrs15-revenue (REQ-IFRS15-003, REQ-IFRS15-007, REQ-IFRS15-010)

Goal​

Trace revenue from each contract through to the GL, test the variable- consideration constraint for reasonableness, and confirm the IFRS 15.110-129 disclosure pack is complete.

Steps​

  1. Open Bookkeeping → Revenue Recognition (IFRS 15) → Contracts and inspect a contract's lifecycle (draft → signed → in-delivery → completed) and its performance obligations, SSPs, and allocated prices. The relative-SSP allocation ties back exactly to the transaction price (REQ-IFRS15-004).
  2. For each RevenueRecognitionEvent, follow glTransactionId to the materialised GL transaction and confirm it is balanced (one debit accrued- revenue, one credit revenue, no duplicates) (REQ-IFRS15-007).
  3. Open Variable Consideration Adjustment records and review each re-estimation: prior estimate, new constrained estimate, the documented constraint reason (IFRS 15.56), the delta, and the operator. The constraint must be defensible against historical actuals (REQ-IFRS15-003).
  4. Review the Revenue Waterfall remaining-performance-obligation amounts and the Contract Balances asset/liability reconciliation; confirm they agree with the GL control accounts.
  5. Walk the IFRS 15.110-129 disclosure structure: revenue disaggregation, contract balance reconciliation, remaining performance obligations, significant judgements (variable consideration, financing component, principal-vs-agent), and accounting policies (REQ-IFRS15-010).

Outcome​

The auditor confirms the five-step process is traceable end-to-end (contract → PO → price → allocation → recognition event → GL posting), the variable-consideration estimates are constrained and documented, and the disclosure pack is complete and Dutch-GAAP (BW2 Title 9) aligned.