## Overview

This module covers revenue recognition, inventory valuation, and government grant accounting, including the five-step revenue model, cost formulas, and grant recognition approaches. Topics include variable consideration, net realisable value, and deferred income method.

## 1. Revenue from contracts with customers (IFRS 15)

- [Five-step model and contract identification](acca-fr-revenue-from-contracts-with-customers-ifrs-15-five-step-model-and-contract-identification.md)
- [Variable consideration and significant financing](acca-fr-revenue-from-contracts-with-customers-ifrs-15-variable-consideration-and-significant-financing.md)
- [Principal vs agent and contract modifications](acca-fr-revenue-from-contracts-with-customers-ifrs-15-principal-vs-agent-and-contract-modifications.md)

## 2. Inventories (IAS 2)

- [Cost formulas and measurement (FIFO/weighted average)](acca-fr-inventories-ias-2-cost-formulas-and-measurement-fifo-weighted-average.md)
- [Net realisable value and write-down reversals](acca-fr-inventories-ias-2-net-realisable-value-and-write-down-reversals.md)
- [Manufacturing overheads and cost of conversion](acca-fr-inventories-ias-2-manufacturing-overheads-and-cost-of-conversion.md)

## 3. Government grants (IAS 20)

- [Recognition approaches and conditions](acca-fr-government-grants-ias-20-recognition-approaches-and-conditions.md)
- [Presentation: income method vs deferred income](acca-fr-government-grants-ias-20-presentation-income-method-vs-deferred-income.md)
- [Repayment and disclosure](acca-fr-government-grants-ias-20-repayment-and-disclosure.md)

Free ACCA FR Revenue, Inventory and Grants Study Guide