IFRS 15: Revenue for contracts with customers

Revenue recognition is a something that effects as all and in 2018 it is changing. There will be far more explicit consideration of components in a bundled package together with the associated timing and amount of revenue allocated to each component. The new standard may create change for an organisation not just in terms of revenue but also in terms of legal contracts, IT systems and interaction between the sales function and accounting function. This courses provides an overview of the new revenue framework of IFRS 15 and considers the practical aspects of its implementation.

On completion of this course, you will have a greater understanding of:

• The current treatment of IAS 18
• The problems of IAS 18
• The key requirements of IFRS 15
• The issues associated with implementing IFRFS 15

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date