IFRS 15 – On Demand | Globaltraining

IFRS 15 - On Demand


Duration
3 hours
Cost
€100
Tel
+357 22841795/715
Email Address
Online

Lecturer(s)

Eliana Charalambous
Lecturer - SBR

Objective:

This seminar will set out the requirements of IFRS 15 and enable you to

  • Understand the standard in detail and its relevant practical implications
  • Be updated on recent changes and developments and
  • Apply the relevant requirements in practice.

Course Outline:

More specifically the seminar will address the following topics:

 Explain and apply the principles of revenue recognition:

  • Identification of contracts
  • Identification of performance obligations
  • Determination of transaction price
  • Allocation of the price to the performance obligations
  • Recognition of revenue when/as performance obligations are satisfied

Describe and apply the acceptable methods for measuring progress towards complete satisfaction of performance obligations

Explain and apply the criteria for the recognition of contract costs

Specifically account for the following types of transactions:

  • Principal versus agent;
  • Repurchase agreements;
  • Consignment agreements

Account for different types of consideration (including variable consideration) and where a significant financing component exists in the contract.

Participants’ Profile:

All professionals seeking to obtain in depth understanding of the accounting standards whether working in the profession or the industry.

Registration

To register for this seminar, please click here.

Registration can also be done through our online store.

For further information please contact us.