What you'll learn

Understand IFRS-15 Completely

In this course, There is complete guide on how to recognize and measure the Revenue under International Financial Reporting Standards

Understand how to recognize revenue from case studies point of view and real life scenarios

Learn to apply IFRS 15 provisions to case studies and real case scenarios and able to answer IFRS 15 questions for courses like IFRS, ACCA, CPA,CA,CIMA etc

Requirements

Basic Accounting knowledge is preferable

Description

The course covers in details the principle for measurement and recognition of revenue as prescribed by IFRS under IFRS 15.IFRS 15 is a relatively new standard which has replaced two old standards namely;1. IAS 18 - Revenue2. IAS 11 - Revenue from Construction Contracts.Learn the concepts of IFRS 15 - Revenue from Contracts with Customers, with practical aspects of implementing this standard - completely filled with role-plays & case study-based discussions delivered by a subject matter expert, in a simple, easy-to-understand manner.It has been designed for students and professionals alike, with an equal focus on the accounting entries, and their implications.Unique Point about this courseYou will learn how IFRS 15 is implemented in real-life scenarios with demonstrations on Excel. The course features two-way interactions between the faculty and the students: facilitating real-time doubt solving & conceptual clarity.Expectations at the end of CourseWhether you are a professional trying to understand IFRS 15 a bit more deeply, whether you are a student appearing for a professional examination, whether you are a first time business owner or a start-up company, just trying to understand what revenue and revenue recognition really is, this course will help you to thoroughly understand IFRS 15, relate it to real case scenarios and implement it in real case scenarios.

Overview

Section 1: IFRS-15 Revenue from Contracts with Customers

Lecture 1 Overview of IFRS-15

Lecture 2 IFRS 15- Revenue Recognition Model- Step 1

Lecture 3 IFRS 15- Revenue Recognition Model- Step 2

Lecture 4 IFRS 15- Revenue Recognition Model- Step 3

Lecture 5 IFRS 15- Revenue Recognition Model- Step 4

Lecture 6 IFRS 15- Revenue Recognition Model- Step 5

Students learning IFRS, ACCA DipIFR, ACCA SBR, ACCA CertIFR Students of ACCA, CIMA, CA, ICWA, BBA, MBA and other accounting or financial reporting courses, Accounting and Finance professionals, Executives, Managers and Senior Professionals