Revenue Recognition & Management

This course provides a detailed overview of recognition model, the disclosures related to it

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.

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.

Course Details