IFRS 15 Revenue from Contracts with Customers

Available Dates

Jan-13-2025

Barcelona
Jan-27-2025

Barcelona
Feb-10-2025

Barcelona
Feb-24-2025

Barcelona
Mar-10-2025

Barcelona
Mar-24-2025

Barcelona
Apr-14-2025

Barcelona
Apr-28-2025

Barcelona
May-12-2025

Barcelona
May-26-2025

Barcelona
June-09-2025

Barcelona
June-23-2025

Barcelona
July-14-2025

Barcelona
July-28-2025

Barcelona
Aug-11-2025

Barcelona
Aug-25-2025

Barcelona
Sep-08-2025

Barcelona
Sep-22-2025

Barcelona
Oct-13-2025

Barcelona
Oct-27-2025

Barcelona
Nov-10-2025

Barcelona
Nov-24-2025

Barcelona
Dec-08-2025

Barcelona
Dec-22-2025

Barcelona

Dates in Other Venues

Jan-06-2025

Kuala Lumpur
Jan-06-2025

Istanbul
Jan-13-2025

Paris
Jan-20-2025

Amsterdam
Jan-20-2025

London
Jan-27-2025

Dubai
Feb-10-2025

Paris
Feb-17-2025

Amsterdam
Feb-17-2025

London
Feb-24-2025

Dubai
Mar-03-2025

Kuala Lumpur
Mar-03-2025

Istanbul
Mar-10-2025

Paris
Mar-17-2025

Amsterdam
Mar-17-2025

London
Mar-24-2025

Dubai
Apr-07-2025

Kuala Lumpur
Apr-07-2025

Istanbul
Apr-14-2025

Paris
Apr-21-2025

Amsterdam
Apr-21-2025

London
Apr-28-2025

Dubai
May-05-2025

Kuala Lumpur
May-05-2025

Istanbul
May-12-2025

Paris
May-19-2025

London
May-19-2025

Amsterdam
May-26-2025

Dubai
June-02-2025

Istanbul
June-02-2025

Kuala Lumpur
June-09-2025

Paris
June-23-2025

London
June-23-2025

Amsterdam
June-30-2025

Dubai
June-30-2025

Kuala Lumpur
June-30-2025

Istanbul
July-07-2025

Kuala Lumpur
July-07-2025

Istanbul
July-14-2025

Paris
July-21-2025

London
July-21-2025

Amsterdam
July-28-2025

Dubai
Aug-04-2025

Kuala Lumpur
Aug-04-2025

Istanbul
Aug-11-2025

Paris
Aug-18-2025

London
Aug-18-2025

Amsterdam
Aug-25-2025

Dubai
Sep-01-2025

Istanbul
Sep-01-2025

Kuala Lumpur
Sep-08-2025

Paris
Sep-15-2025

London
Sep-15-2025

Amsterdam
Sep-29-2025

Dubai
Sep-29-2025

Istanbul
Sep-29-2025

Kuala Lumpur
Oct-06-2025

Kuala Lumpur
Oct-06-2025

Istanbul
Oct-13-2025

Paris
Oct-20-2025

Amsterdam
Oct-20-2025

London
Oct-27-2025

Dubai
Nov-03-2025

Kuala Lumpur
Nov-03-2025

Istanbul
Nov-10-2025

Paris
Nov-17-2025

London
Nov-17-2025

Amsterdam
Nov-24-2025

Dubai
Dec-01-2025

Istanbul
Dec-01-2025

Kuala Lumpur
Dec-08-2025

Paris
Dec-15-2025

London
Dec-15-2025

Amsterdam
Dec-29-2025

Istanbul
Dec-29-2025

Dubai
Dec-29-2025

Kuala Lumpur
Jan-05-2026

Istanbul
Jan-05-2026

Kuala Lumpur

Course Details

The IFRS 15 Revenue from Contracts with Customers standard establishes the framework for recognizing revenue, focusing on accurately reflecting an organization’s financial performance by recognizing revenue when control of goods or services is transferred to customers. This standard is essential for global compliance, ensuring consistent and transparent financial reporting across industries.

This IFRS 15 Revenue from Contracts with Customers course guides participants through the five-step revenue recognition model, which includes identifying contracts, defining performance obligations, setting the transaction price, allocating it appropriately, and recognizing revenue accurately. By mastering these steps, finance professionals can effectively manage complex revenue structures and ensure precision in financial disclosures. Participants, including finance managers, auditors, and analysts, will acquire skills to navigate contract modifications, assess performance measures, and fulfil presentation requirements. By course completion, attendees will be equipped with strategies for the practical application of IFRS 15, enhancing their organization’s financial accuracy and compliance with global standards.

Upon completion of this revenue recognition IFRS 15 from Contracts with Customers training course, you will be able to:

Understand the principles of IFRS 15 and its role in reporting revenue from customer contracts
Describe and use the IFRS 15 5-step model for IFRS 15 revenue recognition from contracts with customers
Analyze contracts with customers to identify performance obligations and determine transaction price
Determine transaction price by understanding variable considerations, significant financing components, non-cash considerations, and consideration payable to a customer
Determine standalone selling prices of a contract and allocate the transaction price
Allocate the transaction price by determining standalone selling prices
Analyzing the impact of contract modification under IFRS 15
Implement methods to measure the progress towards complete satisfaction of a performance obligation
Understand the requirements of presentation and disclosures under IFRS 15 revenue recognition 5 steps

The IFRS 15 Revenue from Contracts with Customers training course is designed for a wide range of professionals who need to navigate the complexities of the IFRS 15 revenue, including:

Accountants and Finance Managers
Internal and External Auditors
Chief Financial Officers (CFOs)
Financial Controllers
Contract Managers
Tax Advisors and Consultants
Investors and Financial Analysts

Our courses in Barcelona are held at the LPC office located at:

Passeig de Gràcia, 21, planta principal, 08007 Barcelona, Spain

Once you register, we will subsequently send you the course details, including the location, trainer, and other logistical information.

Pay Attention, Please! The course location at our offices is subject to availability. Should our office be unavailable, we will secure an alternative nearby venue and promptly inform you of the change. The exact time and location will be confirmed one week prior to the course commencement.

Course Outline

5 days course

Day 1

Day 2

Day 3

Day 4

Day 5

Introduction to IFRS 15

Understanding the objectives and scope of IFRS 15
Defining key concepts and terms under IFRS 15
Introduction to the 5-step model for revenue recognition:

Step 1: Identifying contracts with a customer
Step 2: Identifying performance obligations in contracts
Step 3: Determining the transaction price
Step 4: Allocating the transaction price to performance obligations
Step 5: Recognizing Revenue

Comparison between IFRS 15 and previous revenue recognition standards
Distinguishing between in-scope and out-of-scope

Identifying Contracts and Performance Obligations

Describing the criteria for identifying contract validity with customers
Understanding contract combination and contract modifications
Discussing the characteristics of a distinct good, service, and bundles of both
Techniques for assessing the implied promises and administrative tasks
Exploring treatment methods of warranties, licenses and options

Transaction Price and Allocation

Exploring types of considerations for determining transaction price:

Variable considerations and the constraints
Significant financing components
Non-cash considerations
Consideration payable to a customer

Discussing the accounting method for sales taxes and duties
Analyzing the impact of customer credit risk on transaction price
Describing the steps of allocating the transaction price:

Determine standalone selling prices
Allocate the transaction price

Understanding the treatment of contract modification and reallocation for price

Revenue Recognition and Contract Costs

Describing types of revenue recognition: over-time vs. point-in-time recognition
Discussing situations when control of goods and services is transferred
Exploring methods for measuring the progress towards complete satisfaction of a performance obligation
Discussing the way to deal with repurchase, consignment, and bill-and-hold agreements
Describing the accounting for contract costs:

Costs of obtaining a contract
Costs of fulfilling a contract

Understanding the amortization of contract costs and impairment considerations

Presentation, Disclosures, and Application Issues

Exploring presentation requirements of financial position, profit/loss and cash flows under IFRS 15
Reviewing annual and interim disclosure requirements under IFRS 15
Discussing the application of IFRS 15 standard to licences of intellectual property
Analyzing application issues of IFRS 15
Best practices and lessons learned

IFRS 15 Revenue from Contracts with Customers

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