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Course details
Overview
This 5-day course on Revenue Accounting will offer a deep dive into the principles and practices associated with accurately recording recognizing and analysing revenue. Participants will understand the critical role of revenue accounting in overall financial reporting and compliance and will learn practical skills to handle complex revenue transactions revenue recognition standards and more.
Objective
By the end of this courseparticipants should be able to:
Understand and apply the fundamental principles of revenue accounting.
Identify different types of revenue and the accounting treatment for each.
Apply the five-step revenue recognition model in accordance with ASC 606 and IFRS 15.
Understand how to deal with changes in contract termsincluding modificationscancellationsand renewals.
Analyse revenue accounting reports and statements.
Comply with relevant regulatory and reporting requirements for revenue accounting.
Recognize potential issues and discrepancies in revenue accounting.
Who Should Attend
Financial Accountants and Financial Analysts who wish to specialise in revenue accounting.
Financial Controllers and Managers who are responsible for financial reporting and compliance.
Finance professionals preparing for advanced roles in corporate finance.
Auditors who want to deepen their understanding of revenue accounting principles and practices.
Any professionals who want to understand the impact of revenue recognition on financial statements.
Course Outlines
Day 1 - Introduction to Revenue Accounting
Understanding Revenue
Types of Revenue
Importance of Revenue Accounting
Day 2 - Revenue Recognition Principles
Understanding the Revenue Recognition Principle
Applying ASC 606 and IFRS 15
Five-Step Model for Revenue Recognition
Day 3 - Revenue Accounting for Different Types of Contracts
Contract Modifications
Contract Cancellations
Revenue Recognition for Renewals
Day 4 - Revenue Accounting Reports and Statements
Analysis of Revenue Reports
Understanding Revenue Forecasts
The Impact of Revenue Recognition on Financial Statements
Day 5 - Regulatory and Compliance Requirements in Revenue Accounting
Regulatory Compliance for Revenue Accounting
Impact of Non-Compliance
Case Study and Review.
Job roles this course is suitable for:
financial controllers , accountants , auditors , financial analysts , asset managersAbout London Training For Excellence
Empowering Professionals for Over a Decade
London Training for Excellence is a leading provider of professional development programmes, established in 2013. For over eleven years, we have been committed to equipping individuals and organisations with the skills and knowledge they need to excel in today's ever-evolving business landscape.
A Breadth of Expertise
We offer a comprehensive range of training solutions across a diverse set of industries, including:
- Artificial Intelligence (AI): Stay ahead of the curve with cutting-edge training on AI applications, machine learning and data analysis.
- Contact Management: Learn best practices for building and nurturing relationships, managing communication workflows and leveraging technology to optimise your outreach efforts.
- Engineering: Enhance your technical expertise and stay current with the latest advancements in various engineering fields.
- Finance and Legal: Gain a deep understanding of financial concepts, legal frameworks and compliance requirements.
- Human Resources: Navigate the complexities of HR practices, from recruitment and onboarding to employee relations and performance management.
- Leadership and Management: Develop your leadership skills, communication techniques and team-building strategies.
- Logistics: Optimise your supply chain operations and ensure efficient delivery of goods and services.
- Marketing and Sales: Develop effective marketing strategies, hone your sales skills and drive business growth.
- Oil and Gas: Gain specialised knowledge and skills relevant to the oil and gas industry.
- Project Management: Master the art of project planning, execution and delivery to ensure successful project outcomes.
Our Approach
At London Training for Excellence, we believe in delivering high-quality, interactive training programmes that cater to diverse learning styles. Our experienced instructors are industry experts who combine theoretical knowledge with practical application.
Flexible Learning Solutions
We understand that busy professionals require flexible learning options. We offer a variety of delivery methods to suit your needs, including:
- In-person training: provides more significant face-to-face interaction. In a classroom setting, attendees can connect in real-time. In-person training also offers more opportunities for group activities and interactive projects.
- Online Courses: Our comprehensive online courses allow you to learn comfortably in your working environment.
- In-Company Training: Tailor training programmes specifically for your organisation's needs and deliver them on-site for maximum impact and employee convenience.
Investing in Your Success
By investing in training and development with London Training for Excellence, you will gain the knowledge and skills necessary to achieve your professional goals and contribute to the success of your organisation.
Contact Us Today
Let London Training for Excellence help you unlock your full potential and drive positive organisational change. Contact us today to discuss your training needs and explore how we can empower your workforce for the future.
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