- IFRS - International Financial Reporting Standards (IFRS)
- Revenues (sales) - Revenues (sales) - Sales recognition - Contract analysis - Performance obligation - Price allocation
Improvement
Target audience
- Contrôleurs de gestion
- Experts comptables, Commissaires aux comptes
- Membres du département communication financière
- Responsables financiers, consolidation et comptables
- Utilisateurs des états financiers
1 day
IFRS 15 training
Prerequisites
No prior knowledge is required
Objectives
◗ Incorporate the requirements and approach of IFRS 15.
◗ Identify the main discrepancies with French regulations.
◗ For each step, apply the accounting treatment for the various types of business relationships.
◗ Assess the impact of IFRS 15 on financial statements.
Training program
◗ Introduction: The Fundamental Principles of IFRS 15
– Scope of application
– Five-step analysis
✔ UNDERSTAND | Group discussions: What are your main impacts?
◗ The Steps in the Revenue Recognition Process
– Identifying a Contract
• Economic substance, agreement of the parties, enforceability
• Principal-Agent Analysis
• Contract Consolidations and Amendments
✔ UNDERSTANDING | Illustrations: Review of Financial Statements
– Identify the performance obligations and assess whether they are distinct
• Special cases involving warranties and options
✔ UNDERSTAND | Illustrations: Review of Financial Statements and ESMA Decisions
✔ EVALUATE | Quiz: Are the following performance obligations separate?
✔ APPLY | Case Study: Is the granted option a separable obligation?
– Determining the transaction price
• Taking the time value into account
• Variable components of the price
✔ APPLY | Case Studies: Variable Prices – Determining Revenue
– Allocating the price to performance obligations
• Observable price, estimated price, residual value
• Accounting for free goods or services
✔ APPLY | Case Studies: Free and Guaranteed
– Recognizing Revenue Upon Transfer of Control
• Conditions for the Transfer of Control on a Continuous Basis or at a Specific Point in Time
• Measurement of Progress
• The Case of Licenses
✔ UNDERSTAND | Illustrations: Review of ESMA Decisions
✔ APPLY | Practical Examples: When Should Revenue Be Recognized?
◗ Contract Cost Processing
– Acquisition costs and other contract costs
– Contract assets and liabilities
◗ Information to Be Provided
✔ UNDERSTANDING | Illustrations: Review of Financial Statements and ESMA Decisions
Why choose this course?
Revenue is a key indicator of a company’s financial performance. IFRS 15 requires a process for analyzing and recognizing revenue that can sometimes be counterintuitive. In just one day, this training course will help you understand and apply this standard.
Teaching and assessment methods
Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.
Teaching Methods: A variety of methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.
Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.
During the training: a mix of theoretical concepts and examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.
Monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.
Price
1 295 € EXCL. TAX
Testimonials
IFRS 15 training
IFRS 15 training
IFRS 15 training
IFRS 15 training
Jonathan C.
Company
Training