Training "IFRS 15. Revenue from Contracts with Customers"

With the entry into force of the new standard – IFRS 15 Revenue from contracts with customers, the criteria for revenue recognition have changed. Unlike the standards previously used for revenue recognition, IFRS 15 does not provide detailed guidance on the recognition process, but only sets out the basic principles for reporting.

IFRS 15 sets out the principles to be applied by an entity in order to provide users of financial statements with useful information about the nature, amount, timing and uncertainty of revenue and cash flows arising from a contract with a customer.

During the training we will talk about:

  • Principles of revenue recognition in accordance with IFRS 15
  • Revenue recognition according to the 5-step model
  • Costs of drafting and executing contracts and their accounting
  • Presentation of revenue information in financial statements
  • First-time adoption of IFRS 15

The training will be useful for accountants, financial analysts, financial managers and auditors.

Coach: Fedir Ushakov – a specialist in IFRS and auditing with more than 10 years of experience. Recently focused on reviews of the implementation by large companies of IFRS 15 Revenue from Contracts with Customers, IFRS 9 Financial Instruments and IFRS 16 Leases for audit purposes. He has ACCA DipIFR (Rus.) And CIRA (European Association of Certified Accountants) certificates. Practitioner with a certificate of ACU (Audit Chamber of Ukraine) series A, Member of the Federation of Professional Accountants and Auditors of Ukraine.

After this training, you will be able to:

  • eliminate knowledge gaps within a very short time and hone the skills of practical application of IFRS 15 for better preparation of financial statements;
  • apply professional judgment to analyze specific accounting situations;
  • systematize knowledge of the requirements for the preparation and application of IFRS 15, monitor and optimize the process of implementation of IFRS 15 for your organization.

If you have any questions, please call +38 095 310 17 82 (WhatsApp, Viber) or write to: academy@bdo.ua


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