IFRS: Revenue Recognition (IFRS 15)

Online Course on IFRS:
Revenue Recognition (IFRS 15)

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. 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.

IFRS 15 represents a major revision of the rules governing revenue from contracts with customers. This course will get you up-to-date with recent changes to revenue recognition and what they mean for your organisation. You will understand the key provisions of IFRS 15, the five-step process and other factors affecting the standard such as contract costs.

 
Use promo code FF101 at checkout to receive the Financial Fluency special price
Use promo code FF20 at checkout to receive £100 discount on 5 or more courses

At the end of this online CPD course you will be able to

• Learn the provisions of IFRS 15
• Understand each step of the five-step process for implementing IFRS 15
• Recognise whether to capitalise costs when entering into a contract
• Understand the disclosure requirements under the new standards
• Know how to account for grants correctly under IAS 20

This course is written for 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.

Key areas covered

• Introduction to IFRS 15
• Step 1: Contract Recognition
• Step 2: Identify Performance Obligations
• Step 3: Determine Transaction Price
• Step 4: Link Price to Performance
• Step 5: Recognise Revenue
• Contract Costs
• Disclosure Requirements
• Government Grants and Assistance

        

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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 interactive activities designed to accommodate a range of learning styles.

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

Dr 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.

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Course Price and Features

 
Use promo code FF101 at checkout to receive the Financial Fluency special price
Use promo code FF20 at checkout to receive £100 discount on 5 or more courses

• This course provides 4 hours of verifiable CPD
• You can access the course unlimited times for 120 days following purchase
• Full price = £75 (plus VAT) less 10% Financial Fluency discount = £67.50 (plus VAT)

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