New Revenue Recognition Standard (IFRS 15)

Course Level

Developmental

Delegates

This course is designed to bring you up-to-date with the new revenue recognition standard and is therefore suitable for delegates with existing knowledge of the current revenue recognition standard under IFRS (IAS 18).

Course content

Revenue is often the largest number on an entity's profit or loss account. On 28 May 2020, the IASB published IFRS 15 Revenue from Contracts with Customers. On this same date the FASB also issued the accounting standards update Revenue from Contracts with Customers which is substantially the same.

The new standard will replace all existing standards and interpretations which dictate the accounting treatment for revenue (IAS 18 and IAS 11). The main objective of the two boards was to develop a common, comprehensive, principles-based revenue standard that can be applied consistently to complex transactions across a wide range of industries.

This half day course will consider how the new standard has changed the application of revenue recognition. The course will use practical examples and case studies to demonstrate the new treatments.

Learning outcomes include obtaining a greater understanding of:

• Scope of the new revenue recognition standards
• Key issues to consider when accounting for revenue
• Practical impact
• Disclosures

"A CPD certificate of completion will be provided by BPP Professional Education Limited upon request, following attendance."

Course Dates

Location	Dates	Time	Availability
London	09 Oct 2020	9:30 AM - 12:45 PM	Limited	Book Now
London	28 Nov 2020	9:30 AM - 12:45 PM	Spaces	Book Now