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IFRS 15: Revenue from Contracts with Customers - A Deep Dive
Rating: 3.5 out of 5(22 ratings)
74 students

IFRS 15: Revenue from Contracts with Customers - A Deep Dive

Insights to a Practical Approach: Includes comparison with ASC 606, IndAS 115, and erstwhile IGAAP (LIVE Recording)
Created byRamanujam Narayan
Last updated 9/2021
English

What you'll learn

  • IFRS 15: Revenue from Contracts with Customers

Course content

1 section • 12 lectures • 3h 54m total length

  • Introduction & Setting the Context1:19
  • Difference between Revenue and Other Income7:26
  • Sources of Revenue and Introduction to Revenue Recognition14:53
  • Contract Risks9:14
  • Maintenance and Service Contracts2:04
  • Revenue - Royalties4:13
  • Revenue on Sale of Goods3:49
  • Allocation of Revenue in case of Bundled Contracts7:09
  • 5 Step Model of Revenue Recognition1:27:48
  • Special Considerations51:28
  • Contract Modification31:12
  • Presentation & Disclosure13:55

    Explore IFRS 15 presentation and disclosures, including contract assets and liabilities, receivables, revenue recognition, and the measurement of transaction price with variable consideration and performance obligations.

Requirements

  • Basic accounting knowledge
  • A desire to learn the real business impacts of accounting

Description

(We do not have the monotonous 'Face to Face' monologue videos, but highly interactive 'LIVE session' videos that help you to learn from the faculty as well as from the doubts asked by the participants - giving you the experience of attending a LIVE classroom batch.)

Welcome to a brand new way of learning IFRS!

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.

What makes this course unique? 
You 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.


Course Content: What will you learn?

1. Introduction to IFRS 15 & the Genesis of the Standard
2. Key Definitions & Examples - Explained with Real-Life Examples
3. Five-Step Model of Revenue Recognition: How to Identify & Apply each Step of this Model in Various Industries
4. Special Considerations - We'll delve into the Specific Issues of diverse Businesses & relate them to the theory of the standard
5. Contract Modifications: What to watch out for & the Far-Reaching Impacts for Companies & Finance Professionals alike


What does this course include?

- 4 hours of on-demand video   
- Full Lifetime Access
- Access on mobile and TV
- Certificate of Completion
- Action Plan for Adoption
- IFRS Interview Prep Guide

Who this course is for:

  • 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

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