IFRS 15 - Revenue Recognition | Course - Online | CGMA Store
IFRS 15 - Revenue Recognition

Financial accounting & reporting

Course

IFRS 15 - Revenue Recognition

Instructor: AICPA

  • Format

    Course - Online

  • Level

    Basic

  • Duration

    2.5 hours

This course provides an in-depth understanding of IASB's framework for revenue recognition, built around the core principle that is applied in the new five-step process under IFRS 15.

Learning outcomes

  • Identify the fundamental concepts related to revenue recognition and measurement.
  • Apply the five-step revenue recognition process
  • Apply the five-step process to major revenue recognition issues.
  • Identify presentation and disclosure requirements regarding revenue.

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Product information

Overview

For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations. Updated with the latest amendments issued by the IASB since the release of the new standard on revenue recognition, this course provides an in-depth understanding of IASB's framework for revenue recognition, built around the core principle that is applied in the new five-step process under IFRS 15. Understanding the changes in the requirements of the new standard is critical for successful implementation of IFRS 15.

In addition to outlining the five steps for revenue recognition, this course provides guidance on how to account for transactions and arrangements unique to revenue recognition, including warranties, bill-and-hold arrangements, sales returns and allowance, principal versus agent relationships, and consignments. Lastly, though one of the objectives of the issuance of IFRS 15 was to converge the guidance issued by FASB, this course highlights differences that still remain in revenue recognition guidance under IFRS and US GAAP. Supported by practical examples and helpful illustrations, this course will assist you in avoiding revenue recognition traps and provide you with latest IASB guidance.

KEY TOPICS

  • Background, purpose, and main provisions of new standard

  • Five-step process for recognizing revenue

  • Applying the five-step process to transactions and arrangements unique to revenue recognition

  • Presentation and disclosure requirements

Who should take this course?

  • Accountants, auditors, and finance professionals in public practice and industry seeking an understanding of the latest revenue recognition guidance issued by the IASB.

Professional development

This Course - Online offers 2.5 hours of CPE credit.
Note on CPE Requirements and Credits
All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Field of study: Accounting
Prerequisites:None
Programme level:Basic
Duration:2.5 hours
Format:Course - Online
Access:This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Instructor

  • AICPA

Accessibility

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