This course provides a detailed overview of recognition model, the disclosures related to it
What you will 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
Description
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 financial statements.
We look at the revenue recognition, their basis of accounting, revenue recognition principle, advances, timing of recognition, various methods to recognize revenue, revenue operating cycle etc.
This training is in line with the IFRS standards. IFRS refers to the International Financial Reporting Standards, which are designed as a common global language for business to ensure that accounts are both understandable and comparable on a global basis with a set of uniformity in them. As the international shareholding and trade are growing, there’s a dire need of reporting standards which deal with organizations on a global level.
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All the concepts are explained extensively by the use of various case studies for the purpose of deep and insightful understanding.
The training includes the following:
- Introduction
- Basis of accounting
- Revenue Recognition Principle
- Advances
- Timing of Recognition
- Examples
- Methods to recognize revenue
- Revenue operating Cycle
- Franchise
This course provides a detailed overview of 5 step revenue recognition model, the disclosures related to it. All the concepts are explained extensively by the use of various case studies for the purpose of deep and insightful understanding. Through this training we are focusing specifics Transactions and the process of revenue recognition, its model with examples.
