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CPE Self-Study

IFRS: Revenue Recognition (IAS 18 and IAS 11)

Publisher: AICPA
  • $50.00-$70.00
    IFRS: Revenue Recognition (IAS 18 and IAS 11) Online Access Product #: 159738
    AICPA Member: $50.00
    Non-Member: $70.00

AICPA's IFRS Certificate Program

This course is part of the IFRS Certificate Program – a comprehensive, integrated curriculum that will give you the basic training, knowledge, and practical guidance in international accounting standards that are necessary in today's global business environment. Credit for individual courses purchased can be applied to the full program. Click here for information on the complete program.

The purpose of this course is to familiarize you with the criteria that must be satisfied in order to recognize revenue in accordance with IAS 18, Revenue, from a sales-type transaction. This course also discusses how to measure the amount of revenue to recognize and how to apportion revenue among multiple deliverables when a company sells a bundle of products and/or services.

In addition, revenue recognition under construction accounting is discussed. Lastly, this course covers the new requirements of IFRS 15.

Learning Objectives

Upon completion of this course, you will be able to:

  • Apply the criteria for revenue recognition and identify those circumstances in which those criteria have or have not been met
  • Identify issues that may arise when applying the revenue recognition criteria to separately identifiable components of a single transaction
  • Apply the revenue recognition criteria for construction contracts
  • Understand how IFRS 15 will affect future revenue recognition decisions

Prerequisite: None

Advance Preparation: None

System Requirements

About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.