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IFRS 15 revenue recognition - numerical financial reporting workshop

Category: MASTER COURSE

Through a series of practical case studies, this half day workshop covers each of the five aspects of the IFRS 15 revenue recognition framework and explores the numerical impact of policy decisions that are made.

Who should attend?

This course is ideal for those looking to put their IFRS 15 knowledge into practice. Delegates may attend this half day course individually, or together this related workshop: IFRS 16 Leases - numerical financial reporting workshop, half day course

What you will gain
2018 marks the effective date of revenue recognition. Organisations and their staff have been building awareness of the new accounting standard and must now be in a position to apply the new standard to a practical situation.

Through a series of practical case studies, this half day workshop covers each of the 5 aspects of the IFRS 15 revenue recognition framework and explores the numerical impact of policy decisions that are made.

The case studies on the course are Excel based and are designed to show the numerical application of key parts of the accounting standard and how this application will impact on the overall financial position and performance of the organisation.

This course compliments IFRS 15 - revenue from contracts with customers by providing an additional layer of knowledge that is numerically focused. The key difference between the two courses is that IFRS 15 - revenue from contracts with customers builds knowledge of the accounting standard and this course applies that knowledge numerically to a practical situation.

Programme outline
The case studies will consider and demonstrate the numerical application of:

  • The decision to separate or combine the contracts with the same customer
  • Modifications to existing contracts and whether to treat them as modifications or additional standalone contracts
  • The identification and impact of separate performance obligations
  • Fixed and variable consideration
  • Refunds to customers
  • Financing components of revenue
  • Methods of allocating the transaction price to performance obligations
  • Recognition of revenue at a point in time or over time

The case studies will also consider other practical elements of implementing the new accounting standard such as co-ordination and communication between the legal, information technology and sales functions of the business.

The course will start at 9.30am and end at 12.45pm. Refreshments are provided.
3 CPD hours (where applicable). 

CIMA work in partnership with BPP Professional Education to offer CPD training courses

 



Related Events

08/11/2019 09:30:00

IFRS 15 – revenue from contracts with customers

MASTER COURSE

  • Cost:
    GBP 315.00
    Member price: £284. Plus VAT on all prices.
  • Location:
    London - morning course
  • Speaker(s):

An update on how the new standard has changed the application of revenue recognition.

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IFRS 15 revenue recognition

CIMA members and students should log in to MY CIMA before booking to receive the appropriate discount.

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In-house training 
We can develop tailored training programmes to enhance the finance and business skills of staff across your organisation. To discuss how we can meet your learning and development needs please email us.

Find out more 
If you have any queries please email cima@bpp.com or phone us on: +44 (0)3300 603400.

The venue for this course will be confirmed 14 days before the scheduled date. 

CIMA work in partnership with BPP Professional Education to offer CPD training courses.  

This course will be delivered by BPP Professional Education Limited (“BPP”).  Accordingly, when you sign up for this course, CIMA will pass on the contact details you have provided to BPP so that they can contact you to complete your booking and process payment.  BPP will process any personal information it collects about you in accordance with its privacy policy, which is available at: http://www.bpp.com/professional-education/privacy

The information provided to BPP will not be used by BPP for marketing purposes.

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