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IFRS 15: Revenue Recognition

12:00 am–11:59 pm ET

# of CPE Credits

2.5

Description

For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations. Updated with the latest amendments issued by the IASB since the release of the new standard on revenue recognition, this CPE course provides an in-depth understanding of IASB’s framework for revenue recognition, built around the core principle that is applied in the new five-step process under IFRS 15. Understanding the changes in the requirements of the new standard is critical for successful implementation of IFRS 15. In addition to outlining the five steps for revenue recognition, this course provides guidance on how to account for transactions and arrangements unique to revenue recognition, including warranties, bill-and-hold arrangements, sales returns and allowance, principal versus agent relationships, and consignments. Lastly, though one of the objectives of the issuance of IFRS 15 was to converge the guidance issued by FASB, this course highlights differences that still remain in revenue recognition guidance under IFRS and US GAAP. Supported by practical examples and helpful illustrations, this course will assist you in avoiding revenue-recognition traps and provide you with latest IASB guidance.
 
 
Please note—This course will expire on Tuesday, December 31, 2019. If you don’t complete the course by midnight on this date, you will forfeit your registration fee for this course.   
 
 

Objective

* Identify the fundamental concepts related to revenue recognition and measurement * Apply the five-step revenue recognition process * Apply the five-step process to major revenue recognition issues * Identify presentation and disclosure requirements regarding revenue

Highlights

* Background, purpose, and main provisions of new standard * Five-step process for recognizing revenue * Applying the five-step process to transactions and arrangements unique to revenue recognition * Presentation and disclosure requirements

Who Should Attend

* Accountants, auditors, and finance professionals in public practice and industry seeking an understanding of the latest revenue recognition guidance issued by the IASB.

Required Knowledge

None

Advanced Prep

None

Event Speaker(s)

Speaker TBA ( ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at onlinelearning@ncacpa.org, and a team member will contact you shortly.

If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at support@peachnewmedia.com.

*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via phone or email 30 minutes prior to the start of a live online program.


We anticipate a spike in webinar activity later in the calendar year, and NCACPA is not liable for third-party service outages that may occur. Please plan your CPE before 12/31 to avoid any unforeseen technology issues.

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Share This Event

Event Vendor:The Association of International Certified Professional Accountants
Field of Study:Accounting
Level: Basic
Other:New Course

Event Type:On Demand
Event Code:OD004419

Registration Fees

Registration Fee Early Bird Regular
NCACPA Member N/A $95.00
Non-Member N/A $135.00
CPE Sponsors LogoThe National Registry of CPE Sponsors is a program offered by the National Association of State Boards of Accountancy (NASBA) to recognize CPE program sponsors who provide continuing professional education (CPE) programs in accordance with nationally recognized standards. The North Carolina Association of Certified Public Accountants is registered with 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/.

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