{"id":9607,"date":"2015-07-23T16:19:19","date_gmt":"2015-07-23T15:19:19","guid":{"rendered":"https:\/\/www.financial-fluency.co.uk\/?page_id=9607"},"modified":"2019-12-09T13:46:18","modified_gmt":"2019-12-09T13:46:18","slug":"ifrs-income-revenue-and-revenue-recognition","status":"publish","type":"page","link":"https:\/\/www.financial-fluency.co.uk\/online-learning\/financial-reporting\/ifrs-income-revenue-and-revenue-recognition\/","title":{"rendered":"IFRS: Revenue Recognition (IFRS 15)"},"content":{"rendered":"

Online Course on IFRS: \"Online
\nRevenue Recognition (IFRS 15)<\/h2>\n

The concept of income is crucial to the entity’s financial performance, and is half of determining an organisation’s profitability.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n


\n

\"4\"Financial
\n 
\nUse promo code FF101<\/strong><\/font> at checkout to receive the Financial Fluency special price<\/em>
\nUse promo code FF20<\/strong><\/span> at checkout to receive \u00a3100 discount on 5 or more courses<\/em><\/p>\n<\/p>\n

At the end of this online CPD course you will be able to<\/h3>\n

\u2022\tLearn the provisions of IFRS 15
\n\u2022\tUnderstand each step of the five-step process for implementing IFRS 15
\n\u2022\tRecognise whether to capitalise costs when entering into a contract
\n\u2022\tUnderstand the disclosure requirements under the new standards
\n\u2022\tKnow how to account for grants correctly under IAS 20<\/p>\n

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.<\/p>\n

Key areas covered<\/h3>\n

\u2022\tIntroduction to IFRS 15
\n\u2022\tStep 1: Contract Recognition
\n\u2022\tStep 2: Identify Performance Obligations
\n\u2022\tStep 3: Determine Transaction Price
\n\u2022\tStep 4: Link Price to Performance
\n\u2022\tStep 5: Recognise Revenue
\n\u2022\tContract Costs
\n\u2022\tDisclosure Requirements
\n\u2022\tGovernment Grants and Assistance<\/p>\n


\n<\/a>         <\/a><\/p>\n

<\/p>\n

Example feedback<\/h3>\n
\n\n\n\n\n\n\n\n
Rating: \"5<\/td>\n100% of learners thought this course met their CPD needs<\/td>\n<\/tr>\n
Reviews:<\/td>\n<\/tr>\n
\n

“A good summary of the various areas.”<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

“The explore and test functions are useful to learning.”<\/span><\/p>\n<\/td>\n<\/tr>\n

You can review this course using the questionnaire in the course completion area.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Flexible learning<\/h3>\n

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.<\/p>\n


\n\"IAS
\n\"IAS
\n\"IAS<\/p>\n

<\/p>\n

About the Author of IFRS: Income, Revenue and Revenue Recognition<\/h3>\n

\"WayneDr Wayne Bartlett specialises in public sector financial management and budgeting and has worked as a consultant and lecturer throughout the world.<\/p>\n

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.<\/p>\n

User reviews<\/h3>\n

Follow the speech bubble below to read user feedback.
\n\"Read<\/a><\/p>\n

FAQs<\/h3>\n

Please review our Frequently Answers Questions (FAQs) for answers to the most common questions we receive.<\/p>\n

<\/a><\/p>\n

Course Price and Features<\/h3>\n

\"4\"Financial
\n 
\nUse promo code FF101<\/strong><\/font> at checkout to receive the Financial Fluency special price<\/em>
\nUse promo code FF20<\/strong><\/span> at checkout to receive \u00a3100 discount on 5 or more courses<\/em><\/p>\n
\n\u2022\tThis course provides 4 hours of verifiable CPD
\n\u2022\tYou can access the course unlimited times for 120 days following purchase
\n\u2022\tFull price = \u00a375 (plus VAT) less 10% Financial Fluency discount = \u00a367.50 (plus VAT)<\/strong><\/p>\n\n

Buy now or read more<\/h3>\n

Select the button below to either buy now or read more about this course.<\/p>\n


\n<\/a>         <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":15,"featured_media":0,"parent":9203,"menu_order":12,"comment_status":"closed","ping_status":"open","template":"pagetemplate2.php","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/pages\/9607"}],"collection":[{"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/comments?post=9607"}],"version-history":[{"count":34,"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/pages\/9607\/revisions"}],"predecessor-version":[{"id":17229,"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/pages\/9607\/revisions\/17229"}],"up":[{"embeddable":true,"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/pages\/9203"}],"wp:attachment":[{"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/media?parent=9607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}