Pass Your SBR ACCA Exams with Tom Clendon

Tom Clendon | ACCA SBR Online Lecturer & Expert Tutor

Tom Clendon is an online ACCA SBR Lecturer and Expert Tutor for students of ACCA across the globe. If you're a student currently studying for the ACCA Exams, then you're in the right place! This is an award winning podcast. In 2023 it was recognised with a PQ award from PQ magazine. To find out more about how Tom can help you with your ACCA studies, head to TomClendon.co.uk.

  1. Determining Transaction Price and Variable Consideration in IFRS 15

    APR 24

    Determining Transaction Price and Variable Consideration in IFRS 15

    In this episode, I take you back into IFRS 15 Revenue from Contracts with Customers, but this time we zoom in on one of the trickiest areas: determining the transaction price. I walk you through the key complications: deferred consideration (time value of money), advance payments, and variable consideration. We start with the core principles, then build it up step by step using clear, practical examples — exactly the way you’ll see it in the exam. More importantly, you’ll learn how to turn this knowledge into marks. I show you how to deal with discounting, how to account for financing elements, and how to handle bonuses and penalties using expected value and most likely outcomes. Here’s the thing: this is where students often drop marks. If you’re struggling with how much revenue to recognise and when, this episode gives you a clear method to follow, so you can structure your answer, apply the rules properly, and pick up those easy, valuable marks. Thanks for listening to this episode of ACCA Tom Clendon’s SBR Podcast. If you’d like to view the exam question on screen and see my working, subscribe to the YouTube Channel: https://www.youtube.com/@tomclendonSBR. For access to on-demand support and guidance for your ACCA SBR Journey, visit my website to see my current course offering: https://tomclendon.co.uk/.Chapters (00:00) Introduction – Why transaction price matters for SBR (01:11) Recap of the 5-step revenue model (01:49) Determining the transaction price – key challenges (02:41) Deferred consideration – buy now, pay later (04:32) Time value of money and discounting (05:45) Unwinding the discount (finance income) (06:35) Advance payments – deferred income explained (08:17) Financing element in contract liabilities (09:20) Variable consideration – bonuses and penalties (10:46) Expected value vs most likely method (11:14) Worked example 1 – construction contract (expected value) (16:31) Year 2 adjustment and revenue true-up (17:53) Worked example 2 – service contract (most likely outcome) (21:50) Exam technique and key reminders

    22 min
  2. Calculating Revenue with the 5 Principles of IFRS 15

    APR 24

    Calculating Revenue with the 5 Principles of IFRS 15

    In this episode, I walk you through one of the most examinable areas in the exam: revenue under IFRS 15 Revenue from Contracts with Customers. We start right from the basics, so you’re not left guessing, and build up to the core principles that underpin the standard. I talk through the five-step model, explain why revenue is such a high-risk area (especially from an audit perspective), and why simply memorising the steps won’t earn you marks in the exam. More importantly, I show you how to apply that knowledge to a real exam-style question. You’ll see exactly how to identify performance obligations, allocate the transaction price, and deal with timing issues (whether revenue is recognised at a point in time or over time). Thanks for listening to this episode of ACCA Tom Clendon’s SBR Podcast. If you’d like to view the exam question on screen and see my working, subscribe to the YouTube Channel: https://www.youtube.com/@tomclendonSBR. For access to on-demand support and guidance for your ACCA Journey, visit my website to see my current course offering: https://tomclendon.co.uk/. Chapters: (00:00) Why revenue matters for exam success (00:18) Episode overview and learning approach (00:51) Introduction to Zaakirah (01:12) What is revenue and why it’s high risk (01:47) Timing issues and manipulation risks (02:01) Introduction to IFRS 15 Revenue from Contracts with Customers (02:33) The five-step model explained (03:01) Step 1: Identifying the contract (03:18) Step 2: Identifying performance obligations (04:02) Step 3: Determining the transaction price (04:29) Step 4: Allocating the transaction price (05:06) Step 5: Recognising revenue (point in time vs over time) (05:53) Why memorising won’t earn marks (06:26) Moving to exam application (06:40) Understanding the exam requirement (5-mark question) (08:08) Identifying performance obligations in the scenario (10:12) Allocating revenue using stand-alone selling prices (11:20) Timing of revenue recognition (12:19) Calculating correct revenue figure (12:47) Correcting overstated revenue (exam technique) (13:27) Current vs non-current liability (deferred revenue) (13:39) Final exam tips and wrap-up

    14 min
  3. All about BSR - the new SBR from Sept 2027

    APR 1

    All about BSR - the new SBR from Sept 2027

    From Sept 2027 SBR will be no more. The new ACCA exam will be Business and Sustainability Reporting (BSR). This short episode explains what will be the same and what will be different.

    2 min
  4. Climate change 101 (S2 is the standard)

    12/18/2025

    Climate change 101 (S2 is the standard)

    Let me make sure you understand the very basic terminology around climate change and S2. Lend me your ears for ten minutes

    10 min

  5. 11/27/2025

    Adam is an "accountability coach"

    In this episode I talk to Adam Yannakakis - a recently qualified ACCA member - who is passionate about helping ACCA students by coaching them to be accountable for their studies!

    10 min
  6. The AFM exam with Andrew Mower

    09/22/2025

    The AFM exam with Andrew Mower

    Whilst SBR is core you will also have to choose optional exams. And maybe you should think about doing AFM. In the episode I am joined by Andrew Mower, ACCA's expert AFM tutor and I quiz him about the AFM exam.

    9 min
  7. Provision for unrealised profits

    07/09/2025

    Provision for unrealised profits

    Why and how do we make provision for unrealised profits (PUPs) when preparing group accounts! In this episode this is all explained and more! #singleentityconcept #impactonNCI

    14 min
  8. Intro to IFRS 18 Presentation and Disclosure in Financial Statements

    06/16/2025

    Intro to IFRS 18 Presentation and Disclosure in Financial Statements

    IFRS 18 is a new standard that is now examinable at SBR. This edition of the podcast gives you an introduction and sets the scene!

    9 min
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About

Tom Clendon is an online ACCA SBR Lecturer and Expert Tutor for students of ACCA across the globe. If you're a student currently studying for the ACCA Exams, then you're in the right place! This is an award winning podcast. In 2023 it was recognised with a PQ award from PQ magazine. To find out more about how Tom can help you with your ACCA studies, head to TomClendon.co.uk.

Information

  • Creator
    Tom Clendon | ACCA SBR Online Lecturer & Expert Tutor
  • Years Active
    2020 - 2026
  • Episodes
    91
  • Rating
    Clean
  • Copyright
    © Tom Clendon | ACCA SBR Online Lecturer & Expert Tutor
  • Show Website
    Pass Your SBR ACCA Exams with Tom Clendon

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