IFRS 15 - Revenue Recognition (VO)

IFRS 15 - Revenue Recognition (VO)
The course provides participants with an understanding of the new five-step revenue recognition framework under Part I – International Financial Reporting Standards (IFRS) 15 and how to apply it.

Watch a qualified CPA instructor teaching the course and access a copy of the same course material that is provided to attendees of an in-person session. 
After registering for a Video on Demand course, CPA Saskatchewan will send you information on how to access the course within 2 business days.
Click HERE for more information on Video-On-Demand courses


OBECTIVE:
The course will address disclosure requirements, transitional requirements, and key judgments in applying the standard.

WHO WILL BENEFIT:
Professional accountants who are responsible for revenue recognition oversight and the accounting and/or auditing thereof.

LEARNING OUTCOMES:
Participants will develop a strong understanding of:

  • The scope of IFRS 15, including transitional requirements
  • The 5-step model framework, including how to apply it
    • step 1: identify the contract with the customer
    • step 2: identify the performance obligations
    • step 3: determine the transaction price
    • step 4: allocate the transaction price
    • step 5: recognize revenue, including how and when
    • Disclosure and presentation requirements 
    • Other application guidance on various topics such as warranties, licences, capitalization of costs of obtaining and fulfilling a contract, contract modifications etc.
    • Conversion considerations, industries significantly impacted and current developments

PREREQUISITE:
Participants should pre-read IFRS 15, Revenue from Contracts with Customers, contained in the CPA Handbook – Accounting Part I.

Course Code VO2049
Passport Credit 4
Price $360
CPD Estimated Hours: Total - 7 Licensing- 7
Competency Financial Reporting
Course Level Intermediate
When
10/30/2020 - 3/31/2021
Where
on Demand

Personal Passport Eligibility

Credits PurchasedCredits UsedCredits Remaining
There are no records.

Corporate Passport Eligibility

Credits PurchasedCredits UsedCredits Remaining
0.00.00.0
 

No content found

Please sign in to register