If you are an accounting or finance professional who needs to get up to speed with the latest revenue recognition standards, this course offers a clear, practical breakdown of both IFRS 15 and ASC 606. It walks you through the five step model, from identifying contracts with customers to recognizing revenue as performance obligations are satisfied, including complex scenarios like variable consideration and contract modifications.

This Course Offers

• A Complete Guide to the Five Step Model: You will learn how to identify contracts, distinguish performance obligations, determine transaction prices, allocate prices to obligations, and recognize revenue as each obligation is satisfied.
• Practical Application of the Percentage of Completion Method: The course covers how to apply the POC method for long term contracts, particularly relevant for construction, engineering, and other industries with multi period projects.
• Hands On with Complex Scenarios: You will learn how to handle variable consideration, contract modifications, and allocating transaction prices to multiple performance obligations, which are often the trickiest parts of implementation.
• Real World Examples and Case Studies: The course uses practical exercises and case studies to bridge the gap between theory and actual application, helping you gain confidence in navigating these standards.

Why We Love This Course

1. It is taught by an experienced professional. The instructor brings over 20 years of accounting experience, including senior roles as Controlling Director and Finance Manager at major multinational companies, ensuring the content is grounded in real practice.
2. It focuses on the most critical standards. IFRS 15 and ASC 606 represent the biggest change in revenue recognition rules in decades. Understanding these standards is essential for compliance and accurate financial reporting.
3. It is concise and targeted. With just over 1.5 hours of content, the course respects your time while covering the essential concepts. You can quickly gain the knowledge needed without a massive time commitment.
4. It includes practical exercises and quizzes. The course uses case studies and quizzes to reinforce learning, helping you test your understanding and apply the concepts to realistic scenarios.

If you work with revenue recognition in any capacity, mastering IFRS 15 and ASC 606 is non negotiable. This course provides a clear, structured, and practical introduction to the five step model and its application in real world contracts

• Accounting and finance professionals who need to understand or implement IFRS 15 and ASC 606 in their organizations.
• Auditors and controllers responsible for ensuring compliance with revenue recognition standards.
• Business owners and managers who want to understand how revenue recognition rules impact their financial reporting.
• Students and finance learners who want to build practical knowledge of these critical accounting standards

• Basic accounting knowledge and an understanding of financial statements are required.
• No prior experience with IFRS 15 or ASC 606 is needed, as the course starts with the fundamentals.
• A willingness to work through case studies and practical examples is essential for getting the most out of the material.

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