About this Course

After issuing two exposure drafts and subsequent re-deliberations, the International Accounting Standards Board has targeted to issue the final revenue Standard in 2014. The proposed new standard will replace the existing standards on revenue recognition.

This seminar looks at the latest position on the revenue standard and explains the proposed standard’s principles, its requirements and implications for different revenue sources.

Programme Outline 

• The scope of the seminar includes the following:
  
• Objective of the proposed standard
  
• Recognition of revenue
  
• Issues relating to performance obligation over time
  
• Measurement of revenue
  
• Issues relating to transaction price
  
• Onerous performance obligations
  
• Contract costs
  
• Presentation and disclosure issues
  

Intended For

A Foundation to Intermediate level programme intended for both Practising and Non-Practising Accountants and it will benefit management, accountants, auditors and analysts who want to assess the impact of this major standard on reported revenues. 

Professionals who are keen to learn about the latest developments of the revenue recognition project are welcome to attend.

Training Methodology

Lecture style, with Exercises/Case Studies

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