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Course Level :Basic
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Credits :2
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Instructional Method :Group Internet Based
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Pre-requisites :None
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Advance Preparation :None
The core principle of IFRS for Construction Contracts is that an entity must recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.
An entity must consider the terms of the construction contract and all relevant facts and circumstances when applying this IFRS. An entity must apply this IFRS, including the use of any practical expedients, consistently to contracts with similar characteristics and in similar circumstances.
An entity must recognize the consideration received from a customer as a liability. Depending on the facts and circumstances relating to the contract, the liability recognized represents the entity’s obligation to either transfer goods or services in the future or refund the consideration received. In either case, the liability must be measured at the amount of consideration received from the customer. How do you do all this, exactly?
This online CPE webinar
covers the following key topics:
This online CPE course is valuable for CPAs, CIAs, and Other Accounting Professionals dealing with clients having a business of construction.
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 through its website: www.NASBARegistry.org.
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.
9 Ratings
JF
Mar 22nd, 2021
I have taken several courses from myCPE and have been completely satisfied with the courses and instructors.
CG
Sep 14th, 2021
N/A
2 Credits
Subject Area
Aug 09, 2022 | 11:00 AM EDT
Aug 09, 2022 | 11:00 AM EDT
Aug 09, 2022 | 12:30 PM EDT
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