IFRS 15 Online Course for UNISA Students
Sat Apr 20, 09:00 - Sat Apr 20, 11:00
Event is online
ABOUT
Understand the principles and concepts contained in IFRS 15, Revenue from Contracts with Customers, with our quality online course which has been specifically tailored to meet the requirements of UNISA students.
What will be covered in the course:
- The five step revenue recognition process.
- How to identify whether a contract or not.
- How to identify whether a counter-party to a contract is a customer or not.
- How to identify the performance obligations in a contract.
- Contract modifications.
- How to account for non-cash consideration received from customers.
- How to account for contracts with a significant financing component.
- How to allocate the transaction price across the different performance obligations in the contract.
- When to recognize revenue at a point in time.
- When to recognize revenue over a period of time.
- How to account for contract costs to fulfill the contract
- How to account for contract costs to obtain the contract
- Presentation and disclosure requirements
- Transitional provisions
- The types of questions which can be asked on IFRS 15.
- How to answer questions on IFRS 15.