IFRS 15 - Revenue Recognition Redefined for All Industries
Revenue Recognition standard for hospitality, service, technology and construction industries
Ehotel management school
Summary
- Reed courses certificate of completion - Free
- Tutor is available to students
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Overview
What you'll learn
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IFRS 15
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revenue recognition standard
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how to record revenue for startups, packages
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how to record revenue for service companies
Certificates
Reed courses certificate of completion
Digital certificate - Included
Will be downloadable when all lectures have been completed
Curriculum
Course media
Description
The objective of IFRS 15 is to establish the principles that an entity shall apply to report useful information to users of financial statements about the nature, amount, timing, and uncertainty of revenue and cash flows arising from a contract with a customer.
IFRS is aimed to bring consistency in reporting across industries and ensure relevant information is available to users making decision.
The core principle of IFRS 15 is that an entity will recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This core principle is delivered in a five-step model:
· Identify the contract(s) with a customer
· Identify the performance obligations in the contract
· Determine the transaction price
· Allocate the transaction price to the performance obligations in the contract
· Recognize revenue when (or as) the entity satisfies a performance obligation
Who is this course for?
- Finance professionals
- business leaders
- startup companies
Requirements
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basic accounting practices
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This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.