August 9, 2024

IFRS-15 for Finance Professionals and Students

IFRS-15/ ASC-606/ IndAS 115
What you’ll learn:
Learners will get Conceptual Understanding of IFRS-15 to the Learners
Learners Will be Able to Practically Apply IFRS-15 to their Businesses
Learners Will be Able to Convince the Auditors on the Revenue Recognition Policy of their Businesses
Learners Will be Able to Justify the Revenue Treatment to the Management and the Sales Team During "Target vs Actual" Review Meetings
Requirements:
Good Understanding of Basics of Accounting and Bookkeeping
Description:
The course is curated to help Finance professionals deal with issues and challenges in real-life scenarios and for students to gain conceptual clarity to tackle examinations. The course is around 6hr and 24 min. in duration and is divided into 8 modules. The course begins with an introduction to the background and reasons why IFRS 15 came into being. And an explanation of what was and is the pre and post-IFRS-15 treatment of Revenue in certain industries. The instructor explains each of the 5 steps in detail applying his personal experiences to interpret technical language in the Standard. Every concept is explained using simple examples and frequently using similar examples to give a comparative position where there are overlapping concepts. Every working Finance professional experiences situations where it finds it difficult to convince the Management, the Auditors, the Investors, the Sales teams (in Target meetings), and other stakeholders, on the Revenue Recognition Policies This course should equip them to deal with any situation on Revenue Recognition related challenges with confidence. Similarly, the students pursuing professional courses like CPA, CFA, ACCA, CA, etc. should find the practical explanation of the concepts very intelligible. As IFRS-15 is almost the same as ASC-606 or IndAS-115 even students studying these standards will find it useful.
Who this course is for:
This course is mainly meant for Working Finance Professionals with at least 2 years of industry experience in Finance Department. However even students who are pursuing any professional course in Accounting and Auditing like C.A. or CPA or ACCA will find it immensely useful.r Students of Professional Accounting Courses
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