IFRS: Revenue Recognition

by Wayne Bartlett

IFRS 15: Revenue from Contracts with Customers has fundamentally revised the rules for how to recognise and report revenue in financial statements. This course will get you up-to-date with recent changes and what they mean for your organisation.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Learn the new provisions of IFRS 15
  • Understand each step of the five-step process for implementing IFRS 15
  • Recognise whether to capitalise costs when entering into a contract
  • Understand the disclosure requirements under the new standards
  • Know how to account for grants correctly under IAS 20

About the course

Revenue is a fundamental concept in accounting, but the rules for how to recognise and report it in financial statements have been fundamentally revised. IFRS 15 represents this major revision of the rules governing revenue from contracts with customers.

This course will get you up-to-date with recent changes and what they mean for your organisation. You will understand the key provisions of IFRS 15, the five-step process and other factors affecting the standard such as contract costs.

Look inside



  • IFRS 15: A New Standard
    • IFRS 15
    • All about revenue
    • Aims of IFRS 15 Q&A
    • The need for a new Standard
    • Objectives of IFRS 15
    • IFRS 15 for your organisation
    • IFRS 15: The five-step process
    • Can you recognise your revenue?
  • Step 1: Contract Recognition
    • What is a contract?
    • Contract recognition in your organisation
    • Step 1 Q&A
    • Key elements of a contract
    • Aircraft hardware supply
    • Can you recognise a contract?
  • Step 2: Identify Performance Obligations
    • Step 2 Q&A
    • What are performance obligations?
    • Identifying performance obligations in your organisation
    • Over time or at a point in time?
    • Engine efficiency in the aerospace industry
    • Identification parade
  • Step 3: Determine Transaction Price
    • Step 3 Q&A
    • Determining the transaction price
    • Determining transaction prices in your organisation
    • Devil in the detail: variations and adjustments
    • A complicated game
    • Early payment discounts
  • Step 4: Link Price to Performance
    • Step 4 Q&A
    • Linking transaction prices to performance obligations
    • Linking prices to obligations in your organisation
    • Estimation methodologies
    • Allocating variable consideration
  • Step 5: Recognise Revenue
    • Recognising revenue
    • Step 5 Q&A
    • Likely impact of IFRS 15 in your organisation
    • Impact of IFRS 15 Q&A
  • Contract Costs
    • Capitalising contract costs
    • Amortisation of contract costs
    • Contract costs in your organisation
    • Capitalising and amortising contract costs in practice
  • Disclosure Requirements
    • Disclosure requirements
    • Disclosure requirements in your organisation
    • The Big Fat IFRS Quiz
  • Government Grants and Assistance
    • Government grants Q&A
    • Government grants and government assistance
    • Rules about accounting for grants
    • Sticking to the rules
    • Devil in the detail: Government grants
    • Disclosure requirements
    • Alternative approaches to accounting for grants and assistance
    • Don't take it for granted


Wayne Bartlett

Specialising in public sector financial management and budgeting, Wayne has worked as a consultant and lecturer throughout the world.

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