IFRS: Revenue Recognition

This course will enable you to

• Learn the new 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

About the course

Revenue is a fundamental concept in accounting, but the rules for how to recognise and report it in financial statements have been fundamentally revised. IFRS 15 represents this major revision of the rules governing revenue from contracts with customers.

This course will get you up-to-date with recent changes 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.