IFRS 15 Revenue Recognition: Applying the 5 Steps Model

“The new revenue recognition standard, IFRS 15 - Revenue from Contracts with Customers, was effective for annual reporting periods beginning on January 1, 2018. This new standard drastically changed the way companies recognize revenue by combining standards IAS11 - Construction Contracts, IAS 18 – Revenue, and other IFRICs into a single joint revenue standard to be applied across all industries and all contracts with customers.
In this upcoming webinar entitled “IFRS 15 Revenue Recognition: Applying the 5 Steps Model”, you will gain an in-depth understanding of the core principle of IFRS 15 which is delivered in a five-step model framework. Also, you will learn how to analyze each contract with your customers and formulate a conclusion on how to recognize revenue from satisfying performance obligations at one point in time or over a period of time.”