This interactive programme is delivered online live, allowing delegates to interact with expert presenters from either a computer or mobile device. For an overview of the technology and live class experience, watch our short explanatory video to find out more.
How is it delivered?
Same content as a traditional course in one three hour session. No more travel no more losing a day out of the office.
Monday 18 December 1:00pm – 4:00pm
Please note that each session has 15 minutes of non teaching time included, this is to ensure we have time to help you get set up ahead of your learning
* Before purchasing we advise that you check your system compatibility with this online test passing tests 1,2 & 3 means you're good to go number 4 is not so important.
Designed to bring you up-to-date with the new revenue recognition standard, this course is suitable for those with existing knowledge of the current revenue recognition standard under IFRS.
An update on how the new standard has changed the application of revenue recognition. The course will use practical examples and case studies to demonstrate the new treatments.
Revenue is often the largest number on an entity's profit or loss account. On 28 May 2014, the International Accounting Standards Board (IASB) published a new standard on accounting for revenue, IFRS 15 - Revenue from Contracts with Customers, which will be applicable for entities reporting in accordance with IFRS for an annual reporting period beginning on or after 1 January 2018.
The new standard will replace all existing standards and interpretations which dictate the accounting treatment for revenue. The new standard is the result of a joint project by the IASB and the US FASB to develop a common, comprehensive, principles-based revenue standard that can be applied consistently to complex transactions across a wide range of industries under both IFRS and US GAAP.
Learning outcomes include obtaining a greater understanding of:
- Current accounting.
- Scope of the new revenue recognition standard.
- The new 'five-step' approach to recognising revenue.
- Issues which can arise.
Duration of access:
You will have access to the programme for 6 months from date of of the first live session (this includes recordings, learning materials, certificate of completion and other programme information).