IFRS 15 Revenue from Contracts with Customers
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.
Course ID: AFBL1300
Length: 5 Days
Type: Classroom
City: Milan
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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.