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UID:7f22d8cd09d5bea68af30c616d2dff65@egytraining.org
SUMMARY:Advanced Revenue Recognition According to IFRS 15
DESCRIPTION:Introduction\nThe "Advanced Revenue Recognition According to IF
 RS 15" course is designed to provide an in-depth understanding of the reven
 ue recognition process and how to apply IFRS 15 in a business context. Part
 icipants will cover all the key aspects of revenue recognition\, from ident
 ifying contracts with customers to addressing specific cases such as contra
 ct modifications and variable considerations.\nThis course emphasizes the i
 mportance of applying the standard in financial reporting and ensuring comp
 liance in a practical business environment.\nCourse Objectives\n\n\nUnderst
 and the five-step revenue recognition process according to IFRS 15.\n\n\nAn
 alyze contracts with customers to identify performance obligations.\n\n\nDe
 termine the timing of revenue recognition (point in time vs. over time).\n\
 n\nHandle specific cases such as:\n\n\nVariable consideration contracts.\n\
 n\nContract modifications.\n\n\n\n\nLink accounting treatment with financia
 l reporting in a real-world environment.\n\n\nApply practical examples from
  the workplace\, such as government revenues or revenues from continuous se
 rvices.\n\n\nCourse Outlines\nDay 1: Introduction to IFRS 15\n\nThe concept
  and objectives of IFRS 15.\nThe importance of revenue recognition in finan
 cial reporting.\nThe difference between IFRS 15 and previous standards.\nOv
 erview of the five steps of revenue recognition.\n\nDay 2: Step 1 and Step 
 2\n\nIdentifying the contract with the customer.\nIdentifying performance o
 bligations.\nCriteria for identifying performance obligations.\nPractical e
 xamples of identifying performance obligations.\n\nDay 3: Step 3 and Step 4
 \n\nDetermining the transaction price.\nIdentifying variable considerations
 .\nAllocating the transaction price to performance obligations.\nPractical 
 examples of allocating transaction price.\n\nDay 4: Step 5 and Special Case
 s\n\nRecognizing revenue when the performance obligation is satisfied.\nRec
 ognizing revenue over time vs. at a point in time.\nContract modifications.
 \nPractical examples of contract modifications.\n\nDay 5: Practical Applica
 tions and Reporting\n\nPreparing financial reports related to revenue.\nCom
 mon challenges in revenue recognition.\nDiscussion of real-world cases.\nFi
 nal exam and discussion.\n\nWhy Attend this Course: Wins & Losses!\n\nGain 
 Practical Knowledge: You will acquire the skills to effectively apply IFRS 
 15 in your work\, improving the accuracy of financial reporting.\nEngage wi
 th Experts: Learn from experienced instructors who share practical knowledg
 e and real-world solutions to accounting challenges.\nProblem-Solving Abili
 ties: By studying real-world case studies\, you’ll be able to apply theor
 etical concepts to actual business challenges.\nEnhance Accounting Skills: 
 You'll be able to manage complex cases\, such as variable considerations an
 d contract modifications\, improving your revenue accounting expertise.\n\n
 Conclusion\nBy the end of this advanced course\, participants will have a c
 omprehensive understanding of revenue recognition under IFRS 15. They will 
 be capable of identifying contracts\, recognizing performance obligations\,
  and applying the five-step process effectively in a business setting\, wit
 h the ability to address special cases.\nThe course is not just theoretical
  but also highly practical\, providing great value for accountants and fina
 ncial reporting professionals in any organization.
LOCATION:Rome
DTSTAMP:20260615T020037Z
DTSTART:20260604T034500Z
DTEND:20260617T210500Z
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