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Overview
This course was updated in July 2026 and will assist you to understand and apply the recognition and disclosure requirements for IFRS 15 Revenue from Contracts with Customers. A key feature involves examining the five-step revenue recognition model, which entities are to apply in determining timing and amount of revenue to be recognised.
What you'll learn
- Explain the purpose and scope of IFRS 15
- Apply the requirements of IFRS 15, including the disclosure requirements
- Identify contracts with customers and the performance obligations in those contracts
- Determine the transaction price of a contract
- Allocate the transaction price to the performance obligations of the contract
- Recognise revenue when a performance obligation is satisfied
Who is this for ?
This course is specifically designed for finance professionals who are involved in:
- external reporting
- financial management
- management accounting
- financial accounting
