The primary issue in accounting for revenue is determining WHEN to recognize revenue.
The objective of IFRS 15 is to establish the principles that an entity shall apply to report useful information to users of financial statements about the nature, amount, timing, and uncertainty of revenue and cash flows arising from a contract with a customer.
IFRS is aimed to bring consistency in reporting across industries and ensure relevant information is available to users making decision.
International Financial Reporting Standards (IFRS 15) changes how companies recognize revenue on their financial statements. Accountants are expected to decide how to choose the appropriate recognition strategy for each type of transaction and event.
In addition, IFRS 15 asks the accountant to measure the fair value of revenue using specific guidance for the various categories of revenues, but just exactly how do you do it?
This CPE course will provide you with easy-to-follow guidelines that will ensure that you can comply with this standard by examining the many factors that companies need to carefully consider when implementing International Financial Reporting Standards for Revenue Recognition.
Major topics covered in this Accounting CPE webinar:
Founder, Mike Morley
Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.
An entertaining and informative speaker and trainer, Mike is the author of:
“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.
“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.
“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
KS
very informative
JF
Great course
CS
It was good to come across new learnings as not from the accounting background
Access to 13000+ Hours of Continuing Education Approved Content Know More
Subscribe To Access
.webp "Fraud: What to Look For and Where to Look")
-1683306305.webp "Measuring, Reporting and Evaluating ESG Risks and Opportunities")
