IFRS 15: Revenue from Contracts with Customers

person icon Ramanujam Narayan

IFRS 15: Revenue from Contracts with Customers

Insights to a Practical Approach: Includes comparison with ASC 606, IndAS 115, and erstwhile IGAAP (LIVE Recording)

updated on icon Updated on Sep, 2023

language icon Language - English

person icon Ramanujam Narayan

architecture icon Finance & Accounting,Business,Accounting & Bookkeeping


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Course Description

(We do not have the monotonous 'Face to Face' monologue videos, but highly interactive 'LIVE session' videos that help you to learn from the faculty as well as from the doubts asked by the participants - giving you the experience of attending a LIVE classroom batch.)

Welcome to a brand new way of learning IFRS! 

Learn the concepts of IFRS 15 - Revenue from Contracts with Customers, with practical aspects of implementing this standard - completely filled with role-plays & case study-based discussions delivered by a subject matter expert, in a simple, easy-to-understand manner. 

It has been designed for students and professionals alike, with an equal focus on the accounting entries, and their implications.

What makes this course unique?

You will learn how IFRS 15 is implemented in real-life scenarios with demonstrations on Excel. The course features two-way interactions between the faculty and the students: facilitating real-time doubt solving & conceptual clarity.

Course Content: What will you learn?

  1. Introduction to IFRS 15 & the Genesis of the Standard
  2. Key Definitions & Examples - Explained with Real-Life Examples
  3. Five-Step Model of Revenue Recognition: How to Identify & Apply each Step of this Model in Various Industries
  4. Special Considerations - We'll delve into the Specific Issues of diverse Businesses & relate them to the theory of the standard
  5. Contract Modifications: What to watch out for & the Far-Reaching Impacts for Companies & Finance Professionals alike

What does this course include?

  • 4 hours of on-demand video  
  • Full Lifetime Access
  • Access on mobile and TV
  • Certificate of Completion
  • Action Plan for Adoption
  • IFRS Interview Prep Guide


What will you learn in this course:

  • IFRS 15: Revenue from Contracts with Customers


What are the prerequisites for this course?

  • Basic accounting knowledge

  • A desire to learn the real business impacts of accounting

IFRS 15: Revenue from Contracts with Customers


Check out the detailed breakdown of what’s inside the course

IFRS 15: Revenue from Contracts with Customers
12 Lectures
  • play icon Introduction & Setting the Context 01:19 01:19
  • play icon Difference between Revenue and Other Income 07:26 07:26
  • play icon Sources of Revenue and Introduction to Revenue Recognition 14:53 14:53
  • play icon Contract Risks 09:14 09:14
  • play icon Maintenance and Service Contracts 02:04 02:04
  • play icon Revenue - Royalties 04:13 04:13
  • play icon Revenue on Sale of Goods 03:49 03:49
  • play icon Allocation of Revenue in case of Bundled Contracts 07:09 07:09
  • play icon 5 Step Model of Revenue Recognition 01:27:48 01:27:48
  • play icon Special Considerations 51:28 51:28
  • play icon Contract Modification 31:12 31:12
  • play icon Presentation & Disclosure 13:55 13:55

Instructor Details

Ramanujam Narayan

Ramanujam Narayan

Your IFRS / Ind AS Subject Matter Expert

Finance Transformation & Indian GAAP expert, Author, Fin Consultant, ESOP Specialist, Finance Mentor for SMEs / Startups!

Have been a Global Finance Controller, Accounting advisory expert, Indian GAAP professional, and IND AS / IFRS trainer + Significant subject matter expertise in IFRS implementation and training projects.

I am a subject matter expert in GAAP, be it IFRS, US GAAP or Indian Accounting Standards (IND AS). I am also an author, a consultant, a trainer and an adjunct professor with Jindal Global University.

I have trained over 1500 Finance Professionals in IFRS - via retail batches and in-house corporate batches in companies like HDFC Securities, Accenture, First Data, Gupshup Tech, etc. Have managed to maintain a success percentage of over 82% for Dip IFRS exam by my 300+ Dip IFRS exam applicants.

With over 11 years of industry experience and having donned the hat of a Fin Controller for Geometric Ltd & HCL Technologies Ltd., my clients and colleagues go by my word when it comes to implementation, compliance and advisory in the matters of financial reporting, year-end closing and M&As. My previous companies include Citigroup & TCS where I have led a role of transformation champion after a takeover.

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