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IFRS 15 - Revenue Recognition

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Before starting this self study program, please go through the instructional document.


  • Identifying the contract
    10 mins
  • Contract modification as not a separate contract
    29 mins
  • Satisfaction of Performance Obligation
    40 mins
  • Entity has transferred physical possession of asset
    48 mins
  • Existence of significant financing component
    61 mins
  • Disclosures - assets recognized from costs
    82 mins

Course Description

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:

  • Concepts and rules for revenue recognition under IFRS 15.
  • Recognition criteria (including sale of goods and rendering of services).
  • Disclosure requirements.
  • Financial statement presentation.
  • Detailed example.

Learning Objectives

  • To determine when revenue is recognized because it is probable that future economic benefits that will flow to the entity can be measured reliably.
  • To identify the circumstances in which these recognition criteria will be met and, therefore, revenue will be recognized.
  • To assess the amount at which revenue is recognized.
  • To discuss the unique disclosure and presentation requirements of IFRS 15.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Business Owner
  • CEO
  • Certified Management Accountant
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Staff of Accounting Firm
  • Young CPA