IFRS 15: Revenue from Contracts with Customers
IFRS 15 establishes a comprehensive framework for revenue recognition, replacing IAS 18 and IAS 11. The five-step model is the heart of this standard — master it and you'll unlock consistent revenue recognition across any scenario.
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Get the full 9-part guide with detailed examples, worked solutions, and exam tips (PDF, 155KB)
Course Content
Foundations & Core Principle
Why IFRS 15 was introduced, replacing IAS 18 & IAS 11, scope, and the core principle of revenue recognition.
The Five-Step Model (Deep Dive)
Master each step: identify contract, identify performance obligations, determine transaction price, allocate, and recognize.
Variable Consideration & Financing
Handle discounts, rebates, performance bonuses, and the time value of money in contracts.
Complex Application Scenarios
Master tricky topics like warranties, principal vs. agent, and repurchase agreements.
Disclosures & Exam Preparation
Disclosure requirements, common exam mistakes, and practice questions with worked solutions.
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