IFRS - new revenue recognition standard

Revenue is often the largest number on an entity's profit or loss account. On 24 June 2010, the IASB and US FASB published a joint exposure draft Revenue from Contracts with Customers. The aim is to develop an entirely new revenue recognition standard which is due to be released in 2013.

The new standard will replace all existing standards and interpretations which dictate the accounting treatment for revenue. The main objectives of the two boards are 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 visit the current accounting requirements for revenue recognition and then consider how this has changed when compared to the new revenue recognition standard.

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

General information

CIMA members and students should log in to their MY CIMA account in order to receive the appropriate discounts.

The course will start at 9.30am and end at 12.45pm. Refreshments are provided.

3 CPD hours (where applicable)

Find out more
If you have any queries please email or phone us on +44 (0)845 026 4722.

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