Description

Welcome to "Mastering Revenue Recognition Principles," a comprehensive course designed to deepen your understanding of the intricate world of financial accounting. In this course, we embark on a journey to unravel the complexities surrounding revenue recognition, a cornerstone of financial reporting.

This course includes:

• 3.5 hours on-demand video
• Unlimited Access, Anytime, on mobile and TV
• Certificate of completion

Section 1: Introduction

Our exploration begins with a captivating introduction to the significance of revenue recognition in financial accounting. Through preview-enabled lectures, we offer a sneak peek into the pivotal role revenue recognition plays in shaping accurate financial statements.

Section 2: Basis of Accounting and Revenue Recognition

Delve into the foundational aspects of accounting principles and the intricacies of revenue recognition. Preview-enabled lectures guide you through the essential concepts, providing a solid base for the detailed exploration that follows.

Section 3: Example

Theory meets practice in this section as we tackle real-world examples. Engage in hands-on exercises to apply revenue recognition principles to diverse scenarios, honing your problem-solving skills and gaining practical insights.

Section 4: Method

Uncover various methods employed in revenue recognition, including the Percentage of Completion Method and Revenue Operating Cycle. Understand the impact of critical standards like IFRS 15 and explore scenarios involving franchises and installment sales.

Section 5: Recognize Revenue

Delve deeper into the nuanced process of recognizing revenue. Through lectures and practical examples, gain insights into recognizing revenue in different contexts. A comparative analysis of IFRS and US GAAP broadens your perspective on global practices.

Section 6: Telecom

Specialize your knowledge in revenue recognition challenges specific to the telecom industry. Navigate scenarios related to contract modifications, incentives, and set-top boxes. Acquire industry-specific insights for confident decision-making in the telecom financial landscape.

What you'll learn

• The course gives a detailed overview on recognizing revenue
• It explains as to how an entity meets the requirements for recognition and measurement, impairment, de-recognition of revenue while maintaining their financials
• learn revenue recognition, their basis of accounting, revenue recognition principle, advances, timing of recognition, various methods to recognize revenue
• This training is in line with the IFRS standards
• In this course, students will gain a deep understanding of Revenue Recognition, covering essential principles, accounting basics, timing of recognition
• Practical examples, and the impact of IFRS 15.
• Dive into revenue recognition methods, explore telecom-specific scenarios, and distinguish between IFRS and US GAAP.
• Master the intricacies of contract modifications, incentives, and the operating cycle.
• This comprehensive program equips learners with the knowledge needed to navigate the nuances of revenue recognition effectively.