IFRS Revenue Recognition

Training Type Recorded Webinar
Presenter Mike Morley
Topic Banking, Insurance & Finance
Schedule Jun 30, 2023
Timing 1:00 PM EST
Duration 120 minutes

Recording Options

Recording - $199 Digital Download - $299 Transcript - $199

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Description

The primary issue in accounting for revenue is determining when to recognize revenue.

International Financial Reporting Standards change how companies recognize revenue on their financial statements. Accountants are expected to decide how to choose the appropriate recognition strategy for each type of transaction and event.

In addition, IFRS asks the accountant to measure the fair value of revenue using specific guidance for the various categories of revenues, but just exactly how do you do it?

This session will provide you with easy-to-follow guidelines that will ensure that you can comply with this standard. By examining the many factors that companies need to carefully consider when implementing International Financial Reporting Standards for Revenue Recognition.

Learning Objectives:

Understand when revenue is recognized because it is probable that future economic benefits that will flow to the entity can be measured reliably.
Identify the circumstances in which these recognition criteria will be met and, therefore, revenue will be recognized.
Decide on which recognition strategy to implement
Be able to assess the value at which revenue is recognized
Review the categories of revenue and how strategies for revenue recognition can differ. how to work out the allocation of the cost of fixed assets over future reporting periods
Write the appropriate Notes
Know the unique disclosure and presentation requirements of IFRS for Fixed Assets
Examples will be provided to help develop and understanding of the process and requirements of accounting for Revenue under IFRS.

This webinar benefits the following agencies-

All accounting associations

Who should attend?

This session will help Accounting Professionals understand their responsibilities and duties so that they can be confident that their Revenue Recognition processes are IFRS-compliant.

Accountants
Accounting and Reporting, Finance and Treasury Managers
CFO’s
Company Executives
Small business owners
Manufacturers and Distributors Accounting managers
Anyone involved in revenue recognition in IFRS
Anyone involved in the IFRS compliance process

Speaker

Mike Morley

(International Speaker)

Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation. An entertaining and informative speaker and trainer, Mike is the author of: “IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS. “Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S.legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements. “Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.