IFRS: Revenue from Contracts with Customers (IFRS 15)

Available Anytime
Location: Online
1Credits
Accounting and Auditing
Registration is Open
FICPA Members
$39.00 Regular Price
Nonmembers
$49.00 Regular Price
Product Code: AI23-IFRSCERT-R
Level: Basic
Vendor: AICPA CPE Division
Field of Study: Accounting

Overview:

This course is part of the IFRS Certificate Program - a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

This self-study course addresses requirements of IFRS 15, Revenue from Contracts with Customers, which is the new standard on revenue recognition developed under a joint project with the FASB. Course components include the following:

  • Core principles of the new standard
  • The five-step model: contract criteria, performance obligations, transaction price determination, transaction price allocation, and revenue recognition
  • Contract costs
  • Disclosures

This course includes interactive learning elements, video content, and real-life application through case studies.

Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program. Find out more.

Objectives:

Learning Outcomes

  • Identify the five steps for revenue recognition.
  • Recognize how the criteria for revenue recognition under IFRS 15 apply to a scenario.
  • Recall the enhanced disclosure requirements under IFRS 15.


Prerequisite:

Familiarity with financial reporting and accounting principles under IFRS