Master Revenue Recognition with IFRS 15 & ASC 606

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Master Revenue Recognition with IFRS 15 & ASC 606

Instructor: EDUCBA

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3 modules

Gain insight into a topic and learn the fundamentals.

14 reviews

8 hours to complete

Flexible schedule

Learn at your own pace

3 modules

Gain insight into a topic and learn the fundamentals.

14 reviews

8 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Define revenue recognition principles under IFRS 15 & ASC 606.
Analyze contracts, obligations, and modifications in reporting.
Apply recognition methods to industry-specific case studies.

Skills you'll gain

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There are 3 modules in this course

By the end of this course, learners will be able to define revenue recognition principles, analyze timing and methods under IFRS 15 and ASC 606, compare global standards, and apply recognition techniques to real-world industry cases. Participants will evaluate contract obligations, interpret franchise and installment arrangements, and assess the impact of loyalty programs, telecom bundles, and contract modifications on financial reporting.

This course benefits accounting students, finance professionals, and auditors seeking to strengthen their understanding of revenue recognition. Unlike generic accounting tutorials, it combines practical worked examples with sector-specific applications, ensuring learners can confidently implement the five-step model in diverse contexts. What makes this course unique is its structured blend of conceptual foundations, industry applications, and global standard comparisons. Through hands-on scenarios and applied case studies, participants gain not just theoretical knowledge but practical skills to navigate complex contracts and reporting requirements in alignment with international standards.

This module introduces the fundamental principles of revenue recognition, covering the basis of accounting, recognition criteria, timing of recognition, and worked examples. Learners will explore how advances, control transfer, and real-world case studies shape accurate financial reporting under IFRS 15 and ASC 606.

What's included

13 videos4 assignments

13 videos Total 79 minutes

Introduction to Revenue Recognition 6 minutes
Basis of Accounting 8 minutes
Revenue Recognition Principle 5 minutes
Revenue Recognition Principle Continues 8 minutes
Revenue Recognition 5 minutes
Advances 6 minutes
Timing of Recognition 7 minutes
Timing of Recognition Continues 6 minutes
Working on Example 2 11 minutes
Working on Example 3 7 minutes
Working on Example 4 2 minutes
Working on Example 5 4 minutes
Working on Example 6 3 minutes

4 assignments Total 60 minutes

Graded-Foundations of Revenue Recognition 30 minutes
Core Principles and Concepts 10 minutes
Timing and Practical Applications 10 minutes
Worked Examples and Methods 10 minutes

This module examines advanced revenue recognition methods such as percentage-of-completion, installment sales, and franchise arrangements. Learners will gain practical insights into how different industries apply recognition standards, including handling royalties, continuing obligations, and the impacts of IFRS 15 on financial statements.

What's included

12 videos4 assignments

12 videos Total 78 minutes

Recognize Revenue Interest and Loyalty 8 minutes
Percentage of Completion Method 8 minutes
Revenue Recognition Method 2 minutes
Revenue Operating Cycle 5 minutes
Franchise 3 minutes
Working on Example 7 11 minutes
Example 7 Continues 2 minutes
Installment Sales 2 minutes
Working on Example 9 8 minutes
Working on Example 10 8 minutes
Working on Example 11 9 minutes
Impact of IFRS 15 12 minutes

4 assignments Total 60 minutes

Graded-Advanced Methods and Industry Applications 30 minutes
Specialized Revenue Methods 10 minutes
Franchises and Installments 10 minutes
Case Examples and IFRS Impact 10 minutes

This module explores advanced topics in revenue recognition, including IFRS vs. US GAAP comparisons, telecom sector challenges, and contract modifications. Learners will understand how bundled contracts, incentives, and disclosures are managed within the IFRS 15 five-step framework.

What's included

12 videos4 assignments

12 videos Total 67 minutes

Impact of IFRS 15 Continues 12 minutes
Recognize Revenue 3 minutes
Recognize Revenue Continue 1 minute
Working on Example 12 6 minutes
Working on Example 13 9 minutes
Working on Example 14 5 minutes
IFRS vs US GAAP 4 minutes
Revenue Recognition Telecom 3 minutes
Revenue of Telecom Companies 6 minutes
Contract Modification 3 minutes
Contract Modification Continues 3 minutes
Incentives Offered and Set Boxes 11 minutes

4 assignments Total 60 minutes

Graded-IFRS vs GAAP and Contractual Complexities 30 minutes
Evolving Standards and Comparisons 10 minutes
Industry and Sector Examples 10 minutes
Contracts, Modifications, and Incentives 10 minutes

Instructor

EDUCBA

1,050 Courses 252,287 learners

Offered by

EDUCBA

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Reviewed on Mar 5, 2026

This course offers a clear and practical explanation of revenue recognition principles.

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