Course description
Essentials - A Focus on IFRS 15 Revenue from Contracts with Customers (Virtual Classroom)
This online IFRS training is being delivered live in a single 4 hour session which runs from 13:00 – 17:00 London (UK).
This focus session deals with key considerations when applying IFRS 15 Revenue from Contracts with Customers. Reviews by regulatory bodies of its application have identified aspects of IFRS 15 where the quality and usefulness of revenue accounting and disclosure can be improved by preparers. The course integrates examples of, and suggestions for, such improvements into a clear explanation of the Standard’s requirements. In addition, the course will review the effect of relevant Agenda Decisions by the IFRS Interpretations Committee.
The session also enables participants to raise and discuss specific issues that they have come across with applying IFRS 15 in practice.
Upcoming start dates
Suitability - Who should attend?
This training course is especially suitable for:
- Accountants in finance and reporting teams that prepare IFRS financial statements
- External and internal auditors
- Financial and credit analysts seeking to improve their understanding of IFRS financial statements
- Accounting regulators and enforcement bodies
Outcome / Qualification etc.
After attending this course you will be able to:
- Apply the five step process for determining revenue under IFRS 15
- Learn the requirements for accounting for contract costs
- Apply the presentation requirements in IFRS 15
- Improve the relevance and quality of disclosures under IFRS 15
CPE credits are available for all courses.
Training Course Content
This course is designed to cover the following key topics:
- The five steps
- Contract enforceability
- Collectability
- Contract modifications
- Variable consideration
- Significant financing component
- Customer incentives
- Contract costs – obtaining and fulfilment
- Recognition
- Amortisation and impairment
- Presentation issues
- Contract assets and liabilities
- Disclosure
- Qualitative and quantitative information
- Improving the quality
Why choose IASeminars
We've been training for 20 years.
50% of our business comes from returning clients.
We offer instructor-led training in international locations, over Zoom or in house.
Reviews
Average rating 4.5
Really helped you engage and ask questions when needed.
I'm satisfied with the content of the course, quality of the provided materials and excellent presentation of the instructor. I definitely recommend this course.
Expenses
The cost of this training course is £395 + VAT.
In-House Training
In addition to the scheduled dates and locations, IASeminars can also run this course as in-house training, to meet the specific requirements of your team. Contact them here to request a customised training solution for your team.
I booked a course on IFRS15 with IASeminars and found it very informative and well presented. I will certainly use IASeminars again in the future.