Revenue Recognition - IFRS 15 & ASC 606

🌟 Mastering Revenue Recognition Under IFRS 15 & ASC 606 🌟

Course Overview: Are you ready to navigate the complex world of revenue recognition with confidence and clarity? Our comprehensive course at Raffaelson Academy is designed to demystify the intricacies of IFRS 15 and ASC 606, shedding light on practical application issues. Dive into a world where revenue recognition comes to life through engaging, animated video content!

📘 Course Content Breakdown:

Section 1: The 5-Step Revenue Recognition Model

• Understanding the Standard (Lecture 1): Get acquainted with IFRS 15 and ASC 606, their similarities and differences.
• Identifying the Contracts (Lecture 2): Learn how to identify contracts for the purposes of revenue recognition.
• Determining Performance Obligations (Lecture 3): Discover how to dissect a contract into separate performance obligations.
• Allocating Revenue to Performance Obligations (Lecture 4): Master the art of determining the standalone selling price and allocating revenue accordingly.
• Recognizing Revenue Over Time (Lecture 5): Understand how to recognize revenue when performance is complete over time.

Section 2: Accounting Entries for Revenue Recognized Over Time

• Real-world Examples: Engage with video content that illustrates the accounting entries for various types of revenue recognized over time.

Section 3: Practical Application & Solutions

• Practical Questions: Tackle a series of practical questions designed to reinforce your understanding of revenue recognition under IFRS 15 and ASC 606.
• Treatment & Recognition Issues: Explore key topics such as licensing, software development, service contracts, and more with real-world scenarios and their solutions.

🎓 Who Should Attend? This course is an invaluable resource for:

• Accountants at all levels looking to sharpen their expertise on revenue recognition
• Finance professionals aiming to update their knowledge base
• ACCA and CPA students who want to focus on the revenue topic as part of their studies
• Anyone involved in financial reporting who wants to stay ahead of the curve

🚀 Course Benefits:

• Clear Explanations: Complex concepts broken down into easy-to-understand segments.
• Practical Focus: Real-world examples and scenarios to apply what you learn directly to your job.
• Interactive Learning: Engage with the material through animated videos that make learning fun and effective.
• Expert Guidance: Learn from top industry professionals who specialize in financial accounting standards.

📅 Key Dates:

• Enrollment Open: [Insert Start Date]
• Course Commences: [Insert Commencement Date]
• Final Assessment: [Insert Assessment Date]

🎉 Don't miss this opportunity to enhance your knowledge of revenue recognition and ensure compliance with IFRS 15 and ASC 606. Enroll now and transform the way you approach financial accounting! 🎉