IFRS 15 Revenue from Contracts with Customers

$
1800.00
1 days | 8 academic hours

Training objectives
Training program

Training objectives

  • Understand the practical aspects of applying IFRS 15 Revenue from Contracts with Customers
  • Familiarize yourself with the revenue recognition model and the five steps
  • Learn the disclosure requirements in accordance with IFRS 15 Revenue from Contracts with Customers

Training program

  • Scope of application
  • Revenue recognition model: five steps
  • Step 1: Identify the contract(s) with a customer
  • Step 2: Identify the performance obligations in the contract
  • Step 3: Determine the transaction price
  • Step 4: Allocate the transaction price to the performance obligations in the contract
  • Step 5: Recognise revenue when (or as) the entity satisfies a performance obligation
  • Other issues of measurement and recognition
  • Presentation in financial statements
  • Disclosure requirements