This IFRS webinar will discuss the concepts and rule of revenue recognition and help you understand how to measure the fair value of revenue using specific IFRS guidance.
Why Should You Attend:When International Financial Reporting Standards (IFRS) come into effect January 1, 2015, public companies will have to change how they account for revenue on their financial statements. IFRS asks the accountant to measure the fair value of revenue using specific guidance for the various categories of revenues, but just exactly how do you do it? Companies and accountants will be expected to decide how to choose the appropriate recognition strategy for each type of transaction and event
This hands-on webinar will provide you with easy-to-follow guidelines that will ensure that you can meet the deadline for complying with these new standards.
Accreditation - NASBA
CPE Credits - 1 CPE credit
Program level Basic/Intermediate
Program prerequisites NONE
Advance preparation NONE
Instructional Method: Group Live
Why Should You Attend: - Brief IFRS overview.
- Concepts and rules for revenue recognition.
- Revenue recognition criteria (including sale of goods and rendering of services).
- Nonmonetary (exchange) transactions.
- Service contract accounting under IFRS.
- Construction contract accounting under IFRS.
- Accounting for change orders, contract options, and claims.
- Joint ventures and shared contracts.
- Financial statement presentation.
- Questions & Answers.
Who Will Benefit:The following individuals or disciplines will benefit from attending this Webinar:
- Senior executives of Publicly Accountable Enterprises
- Finance, Accounting Unit Vice Presidents, Directors and Managers
- Business and Operations Unit Vice Presidents, Directors and Managers
- Internal auditors
- Regulatory and Compliance Management
- Consultants
- External Auditors
