Revenue recognition - asc topic 606, learn ifrs and IFRS 15.
Sub Category
- Accounting & Bookkeeping
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Objectives
- Learn how to apply the five-step framework for revenue recognition under IFRS 15 and ASC 606.
- Develop the ability to analyze contracts and determine distinct performance obligations in real-world scenarios.
- Gain practical skills in allocating transaction prices to performance obligations using various methods and techniques.
- Recognize Revenue Correctly – Learn how and when to recognize revenue in compliance with IFRS 15 and ASC 606
- Recognize Revenue using the appropriate methods, including the Percentage of Completion (POC) method.
Pre Requisites
- Basic accounting knowledge, Understanding of financial statements . No prior IFRS 15/ASC 606 experience needed
FAQ
- Q. How long do I have access to the course materials?
- A. You can view and review the lecture materials indefinitely, like an on-demand channel.
- Q. Can I take my courses with me wherever I go?
- A. Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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