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IFRS Course


Essentials - A Focus on IFRS 15 Revenue from Contracts with Customers (Virtual Classroom)

Course Details

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Virtual Classroom
11 Sep 2023
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This online IFRS training is being delivered live in a single 4 hour session which runs from 13:00 – 17:00 London (UK).

This focus session deals with key considerations when applying IFRS 15 Revenue from Contracts with Customers. Reviews by regulatory bodies of its application have identified aspects of IFRS 15 where the quality and usefulness of revenue accounting and disclosure can be improved by preparers. The course integrates examples of, and suggestions for, such improvements into a clear explanation of the Standard’s requirements. In addition, the course will review the effect of relevant Agenda Decisions by the IFRS Interpretations Committee.

The session also enables participants to raise and discuss specific issues that they have come across with applying IFRS 15 in practice.

Learning Objectives

  • Apply the five step process for determining revenue under IFRS 15
  • Learn the requirements for accounting for contract costs
  • Apply the presentation requirements in IFRS 15
  • Improve the relevance and quality of disclosures under IFRS 15

Who Should Attend

  • Accountants in finance and reporting teams that prepare IFRS financial statements
  • External and internal auditors
  • Financial and credit analysts seeking to improve their understanding of IFRS financial statements
  • Accounting regulators and enforcement bodies


  • The five steps
    • Contract enforceability
    • Collectability
    • Contract modifications
    • Variable consideration
    • Significant financing component
    • Customer incentives
  • Contract costs – obtaining and fulfilment
    • Recognition
    • Amortisation and impairment
  • Presentation issues
    • Contract assets and liabilities
  • Disclosure
    • Qualitative and quantitative information
    • Improving the quality

Teaching Method

  • Live group internet instruction in virtual format by specialist instructor
  • Description and explanation of IFRS 15 requirements in clear and simple language
  • Use of case studies and real-world examples to illustrate practical application
  • Interactive participation is encouraged, with all attendees being required to be present on camera for the duration of the session
  • All participants receive comprehensive electronic course notes, including presentation slides and handouts
  • This virtual training is being delivered live and online in a session which runs from 13:00 – 17:00 London (UK).


The instructor for this course will be drawn from one of our core faculty of subject matter experts. Further details will be published at the earliest opportunity.


Our seminars take place in professional conference facilities, usually situated within a carefully chosen and well-located hotel. We use prestigious brands such as Radisson Blu, Hilton and Marriott.

Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Refreshments and lunch are provided at our events.

CPE/CPD Accreditation

IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.


Field of study: Accounting


Basic understanding of accounting under IFRS. No advance preparation is required for this course.