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.

OBJECTIVE:
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.