IFRS: Income, Revenue and Revenue Recognition

Print Friendly, PDF & Email

IFRS:Income, Revenue and Revenue Recognition

Online Course on IFRS: Income,
Revenue and Revenue Recognition

The concept of income is crucial to the entity’s financial performance, and is half of determining an organisation’s profitability.

The treatment of “revenue” is particularly important when recognising income;
revenue being income that is derived from an organisation’s everyday
operating activities. Online CPD Training Course - IFRS income, revenue and revenue recognition Revenue recognition is a hot topic as the amounts involved are often large and have a significant impact on the overall profitability or otherwise of an entity.

As well as helping you to make sound judgements in general on revenue
and revenue recognition, this course will also enable you to apply the detailed
rules in particular situations, such as accounting for construction contracts and
government grants.

buy IFRS: Income, Revenue and Revenue Recognition

Understanding IFRS: Income, Revenue and Revenue Recognition
enables the learner to:

IFRS Income, Revenue and Revenue Recognition
• Understand the basic foundation of the principles of how to deal with income
• Consider how you need to recognise revenue and other forms of income in the financial statements
• Understand the basics of IAS 11 to help the transition when IFRS 15 replaces it
• Account for and disclose provisions of grants by government and other forms of government assistance

 

Rating: 5 Stars for online course 100% of learners thought this course met their CPD needs
Reviews:

“A good summary of the various areas.”

“The explore and test functions are useful to learning.”

You can review this course using the questionnaire in the course completion area.

Learning outcomes of IFRS: Income, Revenue
and Revenue Recognition

IAS 18: Revenue
• What is the objective and scope of IAS 18?
• What are the key definitions relating to revenue included in IAS 18?
• What specific considerations apply to the sale of goods?
• What about revenue for the rendering of services?
• How should revenue from income, interest and dividends be dealt with?
IAS 28 revenue

IAS 11: Construction Contracts
• What are the objectives and scope of IAS 11?
• Are there any important definitions in IAS 11 I should know about?
• If a number of assets are involved in a contract, when shall each be treated
as a separate construction contract?
• Why do changes in contract revenues arise?
• What expenditure items should be included in contract costs?
• How should contract revenue and expenses be recognised?
• How should a change in estimate in subsequent periods be dealt with?
• What will the impact of IFRS 15 and IAS 11 and IAS 18 and how will revenue recognition work then?
• Variable consideration under IFRS 15?
• Are there any constraining elements around the revenue recognition of variable amounts?
IAS 11 construction contracts

IAS 20: Accounting for Government Grants and Disclosure of Government Assistance
• What are the objectives and scope of IAS 20?
• What are “government grants” and “government assistance”?
• How should a grant be recognised in the financial statements of the beneficiary?
• What about grants related to assets?
• What if a grant is subsequently repaid to government?
IAS 20 acct

Target audience for IFRS: Income, Revenue and Revenue Recognition

Anyone engaged either in the preparation of financial reports based on IFRS or their audit, as well as users of company accounts wishing to gain a fuller insight into the treatment of this important class of asset.

About the Author of IFRS: Income, Revenue and Revenue Recognition

Wayne BartlettDr Wayne Bartlett specialises in public sector financial management and budgeting and has worked as a consultant and lecturer throughout the world.

After 7 years in the NHS in the UK, he joined the Home Office as Head of Accountancy Advice. He has worked closely with a number of Supreme Audit Institutions and has become an expert of the implementation of international accounting standards.

Flexible learning

Learners take their own route through the topics covered in the course. They will learn at their own pace through a variety of activities designed to accommodate a range of learning styles.

 

Register now for free module

To purchase a course or to try a free module please register. Registration is free and there is no obligation to purchase. Just click the button below:

Please review our Frequently Answers Questions (FAQs) for answers to the most common questions we receive (opens in a new window).

 

Buy IFRS: Income, Revenue and Revenue Recognition

Pay online

Add to cart / basket

Required access period:

Instant Purchase

Required access period:


Click on the Buy Now or Add to Cart button above to make your purchase via credit or debit card. Your payment will be collected securely via PayPal. Please note that a PayPal account is NOT required to process your payment (simply click on the option to pay via credit or debit card). No surcharge will be levied on card payments for purchases. You will automatically be emailed a receipt after your purchase.

Pay by invoice and bank transfer


If preferred you can pay via bank transfer (BACS / EFT / Online banking).
Please complete the form below and we will send you an invoice with our bank details.

Your Name (required)

Your Email (required)

Invoice addressee, if required
(e.g. company name, address)

Additional courses, if required

Required access period (for online courses)
3 months12 months

Other relevant information


View cart or checkout

If using our shopping cart, you can view the cart and checkout here.


Access

You will receive 3 or 12 months (depending upon your chosen option) unlimited free access after payment of a one off registration fee.

Length of courses

Each course takes approximately 4 hours to complete.

CPD points

Once you've completed the course you will be able to claim 4 verifiable CPD hours, if required. CPD points are claimed by the registered user, who can be someone different to the person who pays if required.

*VAT

VAT will be calculated and added automatically during the checkout process (and before any payment is taken) based on your location.

VAT is applicable at the prevailing rate for customers within the EU. VAT will be added during checkout at the rate applicable to your Country. For customers outside the EU, where UK VAT is non-applicable, the checkout will automatically detect your location and VAT will not be added.

For customers in the Channel Islands please contact us in advance of purchase.

Delivery

You will be emailed instructions of how to access your course and an activation code within one working day, usually a few hours.

Do you wish to pay in a different currency?

Simply email support@financialfluency.co.uk with a list of the courses you wish to purchase and your chosen currency and we will send you an invoice in your desired currency.

Any more questions?

For any questions, please see our frequently asked questions or send an email to support@financial-fluency.co.uk