Online
Course Drive IFRS 15 - Revenue Recognition standard Course Drive
  • Duration / Course length: Upto 2 Hours Start now
  • Accredited by: CPD Group
  • Certificates:
  • Course delivery: This course is delivered in video format

Course details

Welcome to the comprehensive course on IFRS 15 - Revenue Recognition Redefined for All Industries. This course has been specifically designed to provide you with a deep understanding of the International Financial Reporting Standard 15 (IFRS 15) and its implications for revenue recognition across various industries.

In today's dynamic business landscape, accurate and transparent revenue recognition is of utmost importance for financial reporting and decision-making. IFRS 15 is a globally recognised accounting standard that sets out principles for recognising revenue from contracts with customers. This course will guide you through the key concepts, principles, and requirements of IFRS 15, enabling you to confidently navigate the complexities of revenue recognition while ensuring compliance with this standard.

Furthermore, this course will delve into the specific challenges and considerations associated with revenue recognition in different industries. You will gain insights into industry-specific examples, case studies, and practical scenarios to enhance your understanding of how IFRS 15 applies across sectors such as manufacturing, services, construction, telecommunications, software, and more.

By the end of this course, you will have developed a comprehensive understanding of IFRS 15 and its impact on revenue recognition across diverse industries. You will be equipped with the knowledge and skills to accurately apply the principles of IFRS 15 in financial reporting, ensuring compliance and transparency in revenue recognition practices.

Whether you are an accounting professional, finance manager, auditor, or business owner, this course will provide you with the essential knowledge and practical insights to navigate the complexities of IFRS 15 and make informed decisions regarding revenue recognition in your industry.

Enrol now and embark on a journey to master IFRS 15 and redefine your understanding of revenue recognition for all industries.

What you will learn
  • Understanding IFRS 15: Students will develop a comprehensive understanding of the principles, concepts, and requirements outlined in IFRS 15. They will become familiar with the purpose and scope of the standard, the five-step revenue recognition model, and its significance in financial reporting.
  • Contract Identification: Students will learn how to identify contracts with customers in line with IFRS 15. They will understand the criteria for determining contract existence, assess contract modifications, and ascertain the enforceable rights and obligations of both parties.
  • Determining Transaction Price: Students will explore the process of determining the transaction price under IFRS 15. They will learn to evaluate variable considerations, such as discounts, rebates, and incentives, and understand how to allocate the transaction price to different performance obligations.
  • Performance Obligations and Satisfaction: Students will gain insights into the concept of performance obligations and how to identify them within a contract. They will learn the criteria for recognising revenue when performance obligations are satisfied, both over time and at a specific point in time.
  • Contract Modifications and Variable Considerations: Students will understand how to account for contract modifications and address changes in transaction prices. They will explore the treatment of variable considerations and learn how to estimate and adjust revenue accordingly.
  • Industry-Specific Considerations: Students will delve into the application of IFRS 15 across various industries. They will examine industry-specific examples, case studies, and practical scenarios to understand how revenue recognition principles are implemented in sectors such as manufacturing, services, construction, telecommunications, software, and more.
  • Compliance and Financial Reporting: Students will learn how to ensure compliance with IFRS 15 in financial reporting. They will gain knowledge of the disclosure requirements, presentation of revenue information, and the impact of revenue recognition on financial statements.
Is this course for you?
  • Accountants and Financial Professionals: This course is relevant for accountants, financial analysts, controllers, and other finance professionals involved in revenue recognition and financial reporting. It provides them with the knowledge and skills to accurately apply the principles of IFRS 15 in their work.
  • Auditors: Auditors responsible for assessing the compliance of financial statements with accounting standards will find this course valuable. It equips them with a deep understanding of IFRS 15, enabling them to effectively evaluate revenue recognition practices and identify any potential issues or discrepancies.
  • Business Owners and Managers: For business owners and managers, understanding the principles of revenue recognition is crucial for making informed decisions and assessing the financial performance of their organisations. This course provides them with the necessary knowledge to interpret revenue recognition practices and evaluate the impact on financial statements.
  • Financial Consultants and Advisors: Financial consultants and advisors working with clients from various industries will benefit from this course. It equips them with industry-specific knowledge and insights into revenue recognition under IFRS 15, enabling them to provide valuable guidance and recommendations.
  • Students and Researchers: Students pursuing degrees or qualifications in accounting, finance, or related fields can gain a strong foundation in revenue recognition principles through this course. Researchers interested in studying revenue recognition practices and their implications will also find this course informative and useful.
Why Choose this course?
  • Conducted by industry experts
  • Get Instant E-certificate
  • Fully online, interactive course with Professional voice-over
Updated on 25 July, 2023

Eligibility / Requirements

No previous experiance of IFRS 15 - Revenue Recognition standard is required for this course.
 

About Course Drive

Course Drive is a trading style of Edu AIM LTD, based in the UK, with company registration number 14488487. Course Drive is a registered United Kingdom Learning Provider (UKPRN: 10091975). We provide online education for personal and professional development. We have a wide range of courses on e-learning eg. accounting & finance, animal care, business, health & care, IT and much more.

Course Drive has the most up-to-date audiovisual equipment and highly skilled instructors with more than 20 years of total industry expertise. Our devoted course team will make sure that Course Drive provides you with the best online learning environment and top-notch courses. The courses offered by Course Drive are meant to provide you with the skills and knowledge you need to succeed at work or in your chosen field of study.

See all Course Drive courses
85% Off for Laimoon Users! Get This Deal
USD 24
USD 160
Money Back Guarantee