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 Sep, 2023
Language - English
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?
- Introduction to IFRS 15 & the Genesis of the Standard
- Key Definitions & Examples - Explained with Real-Life Examples
- Five-Step Model of Revenue Recognition: How to Identify & Apply each Step of this Model in Various Industries
- Special Considerations - We'll delve into the Specific Issues of diverse Businesses & relate them to the theory of the standard
- 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
Goals
What will you learn in this course:
IFRS 15: Revenue from Contracts with Customers
Prerequisites
What are the prerequisites for this course?
Basic accounting knowledge
A desire to learn the real business impacts of accounting
Curriculum
Check out the detailed breakdown of what’s inside the course
IFRS 15: Revenue from Contracts with Customers
12 Lectures
-
Introduction & Setting the Context
01:19
01:19
-
Difference between Revenue and Other Income
07:26
07:26
-
Sources of Revenue and Introduction to Revenue Recognition
14:53
14:53
-
Contract Risks
09:14
09:14
-
Maintenance and Service Contracts
02:04
02:04
-
Revenue - Royalties
04:13
04:13
-
Revenue on Sale of Goods
03:49
03:49
-
Allocation of Revenue in case of Bundled Contracts
07:09
07:09
-
5 Step Model of Revenue Recognition
01:27:48
01:27:48
-
Special Considerations
51:28
51:28
-
Contract Modification
31:12
31:12
-
Presentation & Disclosure
13:55
13:55
Instructor Details
Ramanujam Narayan
Your IFRS / Ind AS Subject Matter ExpertFinance 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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