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Mastering Revenue Recognition; A Step-by-Step Guide to Implementing ASC 606 and IFRS 15

Mastering Revenue Recognition; A Step-by-Step Guide to Implementing ASC 606 and IFRS 15

$201.00
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Course access is prepared after purchase and delivered via email
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Self-paced • Lifetime updates
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Includes a practical, ready-to-use toolkit with implementation templates, worksheets, checklists, and decision-support materials so you can apply what you learn immediately - no additional setup required.
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What does the Revenue Recognition course cover?

Revenue Recognition is covered here in 12 modules: Introduction to Revenue Recognition: Overview of ASC 606 and IFRS 15, ASC 606 - Revenue from Contracts with Customers: Overview of ASC 606, IFRS 15 - Revenue from Contracts with Customers: Overview of IFRS 15 and 9 more.

How do you approach Revenue Recognition step by step?

The work is sequenced in 12 stages. It starts with Introduction to Revenue Recognition: Overview of ASC 606 and IFRS 15, moves through ASC 606 - Revenue from Contracts with Customers: Overview of ASC 606 and IFRS 15 - Revenue from Contracts with Customers: Overview of IFRS 15, and ends at Best Practices for Revenue Recognition: Overview of best practices.

What is in Module 1 of the Revenue Recognition course?

Module 1 is Introduction to Revenue Recognition: Overview of ASC 606 and IFRS 15. It works through definition of revenue recognition, importance of revenue recognition and Overview of ASC 606 and IFRS 15. It sets the vocabulary the remaining 11 modules build on.

How is the Revenue Recognition course delivered?

The Revenue Recognition course is fully self-paced with immediate online access after enrolment. Access does not expire and future updates are included at no cost. It can be taken on any device, and a certificate of completion is issued by The Art of Service when you finish.

How much does the Revenue Recognition course cost?

The Revenue Recognition course is $199 as a one time payment. There is no subscription, no per seat licence and no hidden fee. Enrolment carries a 30 day satisfied or refunded guarantee, so it can be assessed in full before you commit.

Closely related courses: Revenue Recognition Toolkit.

More answers: what you get with every course, refund policy, all help answers.

Mastering Revenue Recognition: A Step-by-Step Guide to Implementing ASC 606 and IFRS 15

Mastering Revenue Recognition: A Step-by-Step Guide to Implementing ASC 606 and IFRS 15

This comprehensive course is designed to help you master the complexities of revenue recognition and implement ASC 606 and IFRS 15 with confidence.



Course Overview

This interactive and engaging course is comprised of 12 modules, each covering a critical aspect of revenue recognition. Participants will receive a certificate upon completion, issued by The Art of Service.



Course Outline

Module 1. Introduction to Revenue Recognition: Overview of ASC 606 and IFRS 15

  • Definition of revenue recognition
  • Importance of revenue recognition
  • Overview of ASC 606 and IFRS 15

Module 2. ASC 606 - Revenue from Contracts with Customers: Overview of ASC 606

  • Overview of ASC 606
  • Step 1: Identify the contract
  • Step 2: Identify the performance obligations
  • Step 3: Determine the transaction price
  • Step 4: Allocate the transaction price to the performance obligations
  • Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation

Module 3. IFRS 15 - Revenue from Contracts with Customers: Overview of IFRS 15

  • Overview of IFRS 15
  • Step 1: Identify the contract
  • Step 2: Identify the performance obligations
  • Step 3: Determine the transaction price
  • Step 4: Allocate the transaction price to the performance obligations
  • Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation

Module 4. Identifying the Contract: Examples of contracts, Definition of a contract

  • Definition of a contract
  • Criteria for identifying a contract
  • Examples of contracts

Module 5. Identifying Performance Obligations: Examples of performance obligations

  • Definition of a performance obligation
  • Criteria for identifying performance obligations
  • Examples of performance obligations

Module 6. Determining the Transaction Price: Examples of transaction prices

  • Definition of the transaction price
  • Criteria for determining the transaction price
  • Examples of transaction prices

Module 7: Allocating the Transaction Price to Performance Obligations

  • Criteria for allocating the transaction price
  • Examples of allocating the transaction price

Module 8: Recognizing Revenue

  • Criteria for recognizing revenue
  • Examples of recognizing revenue

Module 9: Accounting for Revenue Recognition

  • Overview of accounting for revenue recognition
  • Examples of accounting for revenue recognition

Module 10: Disclosure Requirements

  • Overview of disclosure requirements
  • Examples of disclosure requirements

Module 11: Implementation Challenges

  • Overview of implementation challenges
  • Examples of implementation challenges

Module 12. Best Practices for Revenue Recognition: Overview of best practices

  • Overview of best practices
  • Examples of best practices


Course Features

  • Interactive and engaging: This course is designed to be interactive and engaging, with quizzes, games, and hands-on projects to help you learn and retain the material.
  • Comprehensive: This course covers all aspects of revenue recognition, from the basics to advanced topics.
  • Personalized: This course is designed to be personalized, with options to tailor the course to your needs and interests.
  • Up-to-date: This course is up-to-date, with the latest information on revenue recognition and ASC 606 and IFRS 15.
  • Practical: This course is designed to be practical, with real-world examples and case studies to help you apply the concepts to your own work.
  • High-quality content: This course features high-quality content, with expert instructors and a comprehensive curriculum.
  • Certification: Participants will receive a certificate upon completion, issued by The Art of Service.
  • Flexible learning: This course is designed to be flexible, with options to learn at your own pace and on your own schedule.
  • User-friendly: This course is designed to be user-friendly, with a intuitive interface and easy-to-use navigation.
  • Mobile-accessible: This course is mobile-accessible, so you can learn on-the-go.
  • Community-driven: This course is community-driven, with options to connect with other learners and instructors.
  • Actionable insights: This course provides actionable insights, with takeaways and best practices to help you apply the concepts to your own work.
  • Hands-on projects: This course features hands-on projects, to help you apply the concepts to real-world scenarios.
  • Bite-sized lessons: This course features bite-sized lessons, to help you learn and retain the material.
  • Lifetime access: This course provides lifetime access, so you can review and reference the material at any time.
  • Gamification: This course features gamification, with quizzes, games, and challenges to help you learn and retain the material.
  • Progress tracking: This course provides progress tracking, so you can track your progress and stay motivated.
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