Master the complexities of IFRS 15 with this strategic program on revenue recognition, contract optimization, and compliance implementation. Participants will gain deep insight into the five‑step revenue recognition model, including identification of performance obligations, allocation of transaction price, and timing of revenue recognition. The curriculum covers practical application across industries, with emphasis on contract modifications, variable consideration, and disclosures. Through case studies and hands‑on exercises, attendees will learn to optimize contracts for revenue recognition efficiency, implement compliant processes, and prepare for audit. This program prepares finance professionals, auditors, and controllers to navigate IFRS 15 with confidence.
Objectives
- Understand the core principles and five‑step model of IFRS 15
- Identify distinct performance obligations in complex contracts
- Determine transaction price, including variable consideration and significant financing components
- Allocate transaction price to performance obligations appropriately
- Recognize revenue when (or as) performance obligations are satisfied
- Account for contract modifications and changes in estimates
- Prepare IFRS 15 disclosures and footnote information
- Implement internal controls over revenue recognition processes
- Manage transition and ongoing compliance with IFRS 15
Target Audience
- Financial controllers and chief accountants
- Revenue accountants and financial reporting managers
- Auditors (external and internal) reviewing revenue
- CFOs and finance directors
- Business analysts and contract managers
- ERP system implementers configuring revenue modules
- Consultants advising on IFRS 15 implementation
- Professionals in industries with complex revenue arrangements (telecom, software, construction)
Methodology
- Interactive workshops with real‑world case studies
- Contract analysis exercises applying the five‑step model
- Financial statement disclosure workshops
- Implementation roadmapping sessions
- Peer discussion of industry‑specific challenges
- Audit simulation for revenue recognition
- Continuous updates on IFRS 15 interpretations
