Practice Drills: Spotting Revenue Recognition Red Flags in Sample Financials

A practice-first foundation course on the single most manipulated line in any income statement: revenue. You start with how Ind AS 115 says revenue should be recognised, in plain words, and a small toolkit of ratios you can compute from Screener.in and an annual report. Then you work through sample financials of three fictional listed Indian companies, each hiding a different revenue problem. Every lesson is a drill: you get an excerpt of the numbers or notes, you log the flags you find, and you check your answers against a worked solution. You will catch receivables that outrun sales, fourth-quarter spikes and channel stuffing, bill-and-hold sales, swelling unbilled revenue, gross-versus-net games, related party sales, other income passed off as operations, and revenue that GST returns and cash collections do not confirm. The course ends with a timed blind drill and a simple framework for turning a flag count into an avoid, watch or dig-deeper call. Built for commerce and finance students heading into forensic work, compliance career aspirants, and investors who want to spot inflated revenue before the market does.