To Access This Course:
International Financial Reporting Standard (IFRS) 15, Revenue from Contracts with Customers is effective for fiscal years beginning on or after January 1, 2018. For many organizations, IFRS 15 will have a broad impact on the amounts and timing of revenue. This course provides an overview of the most significant elements of the new five-step model to determine when and what amount to recognize revenue.
Learning Objectives
- Explore the new five-step model that determines when and what amount of revenue to recognize.
- Discover important considerations in recognizing revenue when a company transfers control of goods or services to a customer at the amount the company expects to be entitled.
- Recognize whether to recognize revenue either over time, in a manner that best reflects performance, or at a point in time, when control of the goods or services is transferred to the customer.
Last updated/reviewed: June 01, 2018
Prerequisites
Course Complexity: Intermediate
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .