Learning Objectives

• Apply the five-step model for revenue recognition under IFRS 15

• Identify performance obligations in contracts

• Measure and recognize variable consideration

• Ensure compliance with IFRS 15 in financial reporting

Training Program Engagement

Introduction to IFRS 15

• Overview of IFRS 15 and its importance

• The five-step revenue recognition model

• Contract identification and determining transaction prices

• Quiz: Test your understanding of the five-step model

Identifying Performance Obligations

• Identifying distinct goods or services in contracts

• Allocating transaction prices to performance obligations

• Practical case: Analyze performance obligations in a service contract

Variable Consideration and Revenue Recognition

• Accounting for variable consideration: refunds, rebates, and incentives

• Recognizing revenue when (or as) performance obligations are satisfied

• Case study: Measure variable consideration in a multi-year contract

Presentation and Disclosure of Revenue

• Presentation of revenue in financial statements

• Disclosure requirements under IFRS 15

• Practical case: Prepare a revenue disclosure for a contract with multiple performance obligations

Key Points

• Numerous practical examples illustrating the different studied concepts

• Practical cases to draw parallels with the concepts learned

Who is this training for

• Accountants and auditors

• Financial analysts and controllers

• Revenue recognition specialists

• Finance managers involved in customer contracts

Prerequisities

• Basic understanding of revenue recognition principles

Teaching Methods

• Training structured around skill transfer

• Acquisition of operational skills through practice and experimentation

• Collaborative learning during synchronous sessions

• Multi-stage learning path to allow engagement, learning, and transfer

• Training promoting participant engagement for better anchoring of lessons

Satisfaction and Evaluation

• Skill evaluation will be conducted throughout the training by the participant (self-evaluation) and/or the trainer according to the training methods.

• Online training evaluation on your participant space:

  • Immediate evaluation at the end of the training to measure your satisfaction and perception of skill improvement against training objectives. With your agreement, your overall rating and comments will be published on our site via Verified Reviews.

  • Post-training evaluation 40 days later to validate the transfer of your acquired skills in the workplace

• Attendance tracking and issuance of an individual training certificate or a certificate of completion