IFRS: Revenue Recognition (IAS 18 IAS 11)

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Overview

1.5 Credits
ONLINE

The purpose of this course is to familiarize you with the criteria that must be satisfied in order to recognize revenue in accordance with IAS 18, Revenue, from a sales-type transaction. This course also discusses how to measure the amount of revenue to recognize and how to apportion revenue among multiple deliverables when a company sells a bundle of products and/or services. In addition, this course covers revenue recognition for construction contracts in accordance with IAS 11, Construction Contracts.

Objectives

  • Apply the criteria for revenue recognition and identify those circumstances in which those criteria have or have not been met.
  • Identify issues that may arise when applying the revenue recognition criteria to separately identifiable components of a single transaction.
  • Apply the revenue recognition criteria for construction contracts.
  • Understand how IFRS 15 will affect future revenue recognition decisions.

Major Topics

 

Designed For

 

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