This self-study course addresses requirements of IFRS 15, Revenue from Contracts with Customers, which is the new standard on revenue recognition developed under a joint project with the FASB. Course components include the following:
- Core principles of the new standard
- The five-step model: contract criteria, performance
obligations, transaction price determination, transaction price allocation,
and revenue recognition
- Contract costs
- Disclosures
This course includes interactive learning elements, video content, and real-life application through case studies.