Mastering IFRS-15: Revenue Recognition Simplified

Description:

Understand the Core Principles of IFRS 15: Learn the fundamental principles of IFRS 15, including the five-step model for revenue recognition, and how it differs from previous standards.

Apply the Five-Step Revenue Recognition Model: Gain practical skills in applying the five-step model of IFRS 15 to various types of contracts, including identifying performance obligations, determining transaction prices, and recognizing revenue over time or at a point in time.

Analyze and Implement Disclosure Requirements: Master the disclosure requirements under IFRS 15, including how to present revenue information in financial statements and footnotes to provide transparency and insight into revenue streams.

• Navigate Complex Contract Scenarios: Develop the ability to handle complex contract scenarios, such as variable consideration, significant financing components, and contract modifications, ensuring accurate and compliant revenue reporting.

• Understand the Core Principles of IFRS 15: Learn the fundamental principles of IFRS 15, including the five-step model for revenue recognition, and how it differs from previous standards.

• Apply the Five-Step Revenue Recognition Model: Gain practical skills in applying the five-step model of IFRS 15 to various types of contracts, including identifying performance obligations, determining transaction prices, and recognizing revenue over time or at a point in time.

• Analyze and Implement Disclosure Requirements