What you'll get
  • 4+ Hours
  • 1 Courses
  • Course Completion Certificates
  • Self-paced Courses
  • Technical Support
  • Case Studies

Synopsis

  • Provides a comprehensive understanding of revenue recognition and its application in financial reporting.
  • Explains how organizations meet criteria for recognizing, measuring, and de-recognizing revenue while maintaining accurate financials.
  • Covers handling of impairments and other adjustments in revenue accounting.
  • Introduces key concepts such as accounting basis, revenue recognition principles, advances, and timing of recognition.
  • Explains various methods used to recognize revenue effectively.
  • Training is fully aligned with IFRS standards, ensuring compliance with global accounting practices.

Content

Courses No. of Hours Certificates Details
Revenue Recognition - IFRS 15 | ASC 6064h 6m✔View Curriculum

Description

The About Revenue Recognition & Management course offers an in-depth insight into how businesses identify and handle revenue while adhering to international accounting standards. It explains how entities meet the criteria for revenue recognition, measurement, impairment, and derecognition, ensuring financial statements remain accurate and reliable.

Participants gain insight into essential concepts such as the accounting basis, revenue recognition principles, treatment of advances, timing considerations, various recognition methods, and the overall revenue operating cycle. The course also offers a detailed look at the 5-step revenue recognition model and the related disclosure requirements, with a focus on real-world transactions and practical application.

Fully aligned with IFRS (International Financial Reporting Standards), the training emphasizes global reporting standards that ensure financial statements are understandable, comparable, and consistent across international markets. Concepts are reinforced through detailed case studies, offering a deep, practical understanding of revenue management processes.

Requirements

  • A strong enthusiasm for learning and self-improvement.
  • Genuine interest in finance and accounting principles.
  • Basic understanding of fundamental accounting terms and concepts.
  • Eagerness to actively participate in hands-on examples and real-world case studies.
  • Ability to grasp financial reporting standards and their applications.

Target Audience

  • Students pursuing careers in finance, accounting, or related fields.
  • Professionals such as accountants, auditors, consultants, and chartered financial analysts aim to master international standards and thrive in global organizations.
  • Anyone looking to understand IFRS and gain insights into how businesses operate internationally.