Know the core principle of IFRS 15
Explore the IFRS standard on revenue recognition developed under a joint project with FASB.
You will learn about key elements of IFRS 15, including:
- IFRS 15’s core principles
- The five-step model
- Recognizing contract costs
Many of the world's largest capital markets require or permit the use of International Financial Reporting Standards (IFRS).
Whatever your location, you could easily find yourself with a client subject to IFRS requirements.
Understanding IFRS requirements will help you better assist clients subject to these standards and enable you to effectively compete in the modern business world.
Realistic examples and hands-on learning
The interactive learning elements and real-life examples in this course will help you implement key concepts to your practice.
Case studies will enable you to apply the core principles of IFRS 15 so that you can better assist your clients.
Who Will Benefit
- Accounting and finance professionals who work for
private or public multinational organizations that have adopted IFRS.
- Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS.
Key Topics
- IFRS 15 core principles
- The five-step model
- Contract costs
- Relevant disclosures
Learning Outcomes
- Identify the five steps for revenue recognition.
- Recognize how the criteria for revenue recognition
under IFRS 15 applies to a scenario.
- Recall the enhanced disclosure requirements under IFRS 15.