This online IFRS training is being delivered live in a single 4 hour session which runs from 13:00 – 17:00 London (UK).
You can learn more about our virtual, online courses and how they work on our course FAQ page. Or view our Virtual Classroom schedule to see what else is being delivered live in our online classrooms. If you don’t see the IFRS training topic, you are looking for, or if you would like an online classroom in another time zone, please tell us.
This focus session deals with key considerations when applying IFRS 15 Revenue from Contracts with Customers. Reviews by regulatory bodies of its application since 2018 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.
Another significant and topical area of focus is how the coronavirus pandemic affects accounting and disclosure under IFRS 15. Whether an entity’s revenue has been adversely affected or has benefited, preparers must investigate and determine the extent to which financial statements should reflect changed circumstances.
The session also enables participants to raise and discuss specific issues that they have come across with applying IFRS 15 in practice.