Course Details

Course Name: IFRS - Overview of the New IFRS 15 Revenue from Contracts with Customers
CPD Hours: 1 Hours
Type: Online/Video
Price: $60 $54

Why is revenue recognition important?
Current Australian accounting standards
The new AASB 15 revenue from contracts with customers
Effective date
Transitional requirements
Overview of the five-step revenue model
Core principle
Steps to apply the core principle
Step 1 - Identify the contract(s) with the customer
Step 2 - Identify the separate performance obligations
Step 3 - Determine the transaction price
Step 4 - Allocate the transaction price
Step 5 - Recognise revenue when a performance obligation is satisfied
What will change for who?
Key impacts
To do list