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Revenue Recognition and Contract Accounting

This course is part of Advanced Accounting and Reporting Specialization

Instructor: EDUCBA

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3 modules

Gain insight into a topic and learn the fundamentals.

7 hours to complete

Flexible schedule

Learn at your own pace

3 modules

Gain insight into a topic and learn the fundamentals.

7 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Analyze IFRS-based revenue recognition and identify performance obligations.
Evaluate transaction prices and apply revenue allocation techniques accurately.
Assess contract modifications, warranties, and disclosure requirements in reporting.

Skills you'll gain

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Build your subject-matter expertise

This course is part of the Advanced Accounting and Reporting Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 3 modules in this course

Learn how to analyze and apply revenue recognition principles under IFRS 15 and strengthen your ability to manage customer contract accounting with confidence. This course provides a structured understanding of the complete revenue recognition process, from identifying contracts and performance obligations to allocating revenue and preparing compliant financial disclosures.

The course begins with the foundations of IFRS 15, introducing the scope, key definitions, and the structured five-step revenue recognition model used in global financial reporting. Learners will understand how organizations recognize revenue based on performance obligations and contract terms. As the course progresses, learners focus on measuring and allocating revenue by determining transaction prices, handling variable and non-cash consideration, and allocating revenue across multiple performance obligations using practical IFRS-based techniques. Real-world examples help learners apply these concepts in professional accounting and finance scenarios. The course also explores advanced revenue recognition topics such as contract modifications, warranties, disclosures, and transition methods required for accurate and compliant reporting under IFRS 15. What makes this course unique is its practical and application-driven approach that combines conceptual understanding with real-world implementation. By the end of the course, learners will be able to analyze customer contracts, apply IFRS 15 revenue recognition principles, improve reporting accuracy, and strengthen their accounting, auditing, and financial analysis capabilities.

Module details

This module introduces learners to the core principles of IFRS 15, including its scope, key definitions, and the structured five-step revenue recognition model, enabling a strong conceptual foundation for applying revenue standards in real-world scenarios.

What's included

7 videos4 assignments

7 videosTotal 50 minutes

Introduction to Revenue from Contract with Customers2 minutes
Understand Scope4 minutes
Key Definitions5 minutes
Revenue Model13 minutes
Revenue Model Continues11 minutes
Identify Performance Obligation7 minutes
Understand Goods or Services are Distinct8 minutes

4 assignmentsTotal 60 minutes

Foundations of Revenue Recognition30 minutes
Getting Started with IFRS 1510 minutes
Core Concepts & Terminology10 minutes
The Revenue Model in Action10 minutes

This module focuses on determining transaction price, handling variable and non-cash considerations, and allocating revenue across performance obligations using IFRS 15 principles, with practical application techniques.

What's included

7 videos4 assignments

7 videosTotal 52 minutes

Determine Transaction Price6 minutes
Volume Discount Incentive7 minutes
Constraining Estimates Variable Consideration12 minutes
Non Cash Consideration9 minutes
Allocating Transaction Price7 minutes
Understand Example Five6 minutes
Revenue Recognition Point6 minutes

4 assignmentsTotal 60 minutes

Measuring and Allocating Revenue30 minutes
Determining Transaction Price10 minutes
Handling Complex Considerations10 minutes
Allocation Techniques & Practical Application10 minutes

This module explores advanced IFRS 15 topics including contract modifications, warranties, disclosures, and transition methods, ensuring learners can apply the standard comprehensively and compliantly.