IFRS 15 - Revenue Recognition (VO)

OBJECTIVE:
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. 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:  VO2012
CPD:  Estimated CPD Hours: Total - 7  Licensing - 7
Competency:  Financial Reporting
Course Level:  Intermediate
When
4/20/2020 - 8/30/2020
Where
Video on Demand
Canada

Program


Monday, 20 April 2020

 
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Time
4/20/2020 - 8/30/2020
4/20/2020
Requires 1 Passport day.
Time
4/20/2020 - 8/30/2020
4/20/2020

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