Mastering IFRS 15: Revenue from Contract with Customers

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8:10:47

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1 - Introduction

1 - Introduction.mp4

20:35

2 - Step 1 Identify the Contract with the Customers

2 - Identify the Contract.mp4

21:42

3 - Combination of Contracts.mp4

08:31

3 - Step 2 Identify the Performance Obligations in the Contract

4 - Identify the Performance Obligation.mp4

31:54

5 - Concept of Contract Liability Contract Asset and Contract Receivable.mp4

21:11

6 - Concept of Contract Cost.mp4

52:49

4 - Step 3 Determine the Transaction Price

7 - Determine the Transaction Price.mp4

12:25

8 - Variable Consideration.mp4

26:24

9 - Sale with the Right of Return.mp4

38:02

10 - Sale Volume Discount.mp4

22:14

11 - Settlement Discount.mp4

13:33

12 - Significant Financing Component.mp4

35:33

13 - Non Cash Consideration.mp4

09:49

14 - Consideration Payable to Customer.mp4

28:25

5 - Step 4 Allocate the Transaction Price to each Performance Obligation

15 - Allocate the Transaction Price to each Performance Obligations.mp4

28:26

16 - Allocation of Discount.mp4

10:42

6 - Step 5 Recognize Revenue As and When Each Performance Obligation Is Satisfied

17 - Recognize Revenue As And When Each Performance Obligiation Is Satistied.mp4

41:59

7 - Important Concepts

18 - Contract Modification.mp4

29:45

19 - Principal versus Agent Considerations.mp4

12:13

20 - Sales Based Royalty.mp4

10:24

21 - Warranties.mp4

14:11

Description

Your one-stop solution for a comprehensive understanding of IFRS-15 Revenue from Contract with Customers

What You'll Learn?

Understand the core principles of IFRS 15 and its application to revenue recognition.
Learn how to identify and define performance obligations in customer contracts.
Gain practical skills in allocating transaction prices to various performance obligations.
Master the process of recognizing revenue over time or at a point in time based on contract terms.

Who is this for?

This course is ideal for accounting and finance professionals, auditors, and students who want to enhance their understanding of IFRS 15 and its application to revenue recognition. It is also valuable for business owners, managers, and consultants who are involved in financial reporting and contract management. Whether you are a beginner seeking foundational knowledge or an experienced professional looking to refine your expertise, this course is designed to meet your needs.

What You Need to Know?

There are no specific prerequisites for taking this course. A basic understanding of accounting principles may be helpful but is not required. The course is designed to be accessible to learners at all levels, including beginners who are looking to deepen their knowledge of IFRS 15 and revenue recognition.

More details

Description
This course offers a comprehensive understanding of IFRS 15, focusing on revenue recognition and contract management. Whether you're a finance professional, auditor, or a student looking to strengthen your accounting knowledge, this course will provide you with the necessary tools to navigate the complexities of revenue recognition.
Through clear explanations and practical examples, youâ€™ll learn how to identify performance obligations, allocate transaction prices, and recognize revenue in line with IFRS 15 principles. The course will cover real-world scenarios, helping you apply what you learn to real business situations, ensuring you have both theoretical and practical insights.
Designed for learners of all experience levels, this course does not require any prior knowledge of IFRS standards, making it accessible to beginners while also offering advanced content for seasoned professionals. Whether you're involved in financial reporting, contract management, or consultancy, this course will help you ensure compliance with IFRS 15 and improve your understanding of revenue-related transactions.
By the end of the course, you'll be equipped with the knowledge and skills to confidently apply IFRS 15 in your day-to-day work, enhance your financial reporting accuracy, and better manage customer contracts. Join us to master IFRS 15 and advance your professional skills in revenue recognition.
Who this course is for:
This course is ideal for accounting and finance professionals, auditors, and students who want to enhance their understanding of IFRS 15 and its application to revenue recognition. It is also valuable for business owners, managers, and consultants who are involved in financial reporting and contract management. Whether you are a beginner seeking foundational knowledge or an experienced professional looking to refine your expertise, this course is designed to meet your needs.

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