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: November 8, 2019
3 Reviews (22 ratings)Reviews
Anonymous
(SVP, Finance)
course was organized and concepts clear, instructor was effective in communicating the contents of the course
Alexandra Demidova
(Technical Accounting Manager at Flexport)
This was a really good course and overview of the new revenue accounting standard for IFRS 2.
Anonymous
()
I enjoyed this course and thought it was very informative.
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 .