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- Payment Terms: Enquire
- Duration / Course length: 5 Days
- Starting Date: Enquire About It
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Course details
OverviewIn today's rapidly changing financial landscape understanding the intricacies of revenue recognition and expense matching remains paramount for sound financial reporting. This intensive 5-day course delves deep into the foundational principles of these key accounting concepts ensuring that participants understand the 'how' and the 'why'.
This course promises holistic coverage from the historical evolution of revenue recognition to the latest accounting standards governing it and from the basics of expense matching to its real-world challenges. Beyond mere theoretical understanding participants will also engage with real-world case studies emphasising practical applications and the nuances that professionals often encounter. The course also stays updated with contemporary developments ensuring attendees are always ahead in their accounting endeavours.
Objective
- Gain a comprehensive understanding of revenue recognition and expense matching principles.
- Navigate the different methods and criteria essential for recognising revenue effectively.
- Deepen insights into the art and science of expense recognitionemphasising the matching principle.
- Assess the financial and operational impacts stemming from incorrect revenue and expense reporting.
- Stay abreast with the latest accounting standards and technological advances affecting revenue and expenses.
Who Should Attend
Accounting professionals, auditors, financial managers, CFOs, financial analysts, and all those who are a part of the financial reporting ecosystem or are keen to fortify their understanding of revenue and expense recognition.
Course Outlines
Day 1: Laying the Groundwork
- The Pillars of Financial Reporting: A Deep Dive into Revenue and Expenses.
- Tracing the Evolution: Historical Progression of Revenue Recognition.
- Setting the Stage: Introduction to Expense Matching & its Relevance in Modern Accounting.
Day 2: Unravelling Revenue Recognition
- Demystifying the Criteria for Recognizing Revenue.
- A Step-by-Step Guide: The Five-Step Model for Revenue Recognition.
- Special Scenarios in Revenue Recognition: Dissecting Bundled Products Licensing and Long-Term Contracts.
Day 3: The Art of Expense Recognition and Matching
- Revenues & Expenses: The Imperative of Perfect Timing.
- A Close Look at Expense Recognition Criteria.
- Addressing the Challenges: Delving into Prepaid E Accruedand Deferred Expenses.
Day 4: The Aftermath of Missteps
- The Ripple Effect: How Incorrect Revenue and Expense Recognition Impacts Financial Statements.
- Navigating the Legal Labyrinth: Understanding Compliance Ramifications.
- Learning from Mistakes: Engaging with Real-world Examples of Revenue and Expense Misstatements.
Day 5: Staying Ahead in the Game
- Adapting to Change: Recent Updates in Accounting Standards including IFRS 15.
- Embracing the Future: The Interplay of Technology in Revenue and Expense Recognition.
- Drawing from Real Experiences: Analytical Discussions on Recent Cases.
Job roles this course is suitable for:
Accounting finance professionals , business students , financial analysts , investorsAbout 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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