Currently IFRS consists of two principles-based standards, IAS 18 Revenue and IAS 11 (Construction Contracts) and three IFRS Interpretations. These were criticised for failing to provide adequate guidance on application - they have been described as ‘vague and inconsistent’. The IASB and the US Financial Accounting Standards Board (FASB) collaborated on a project to develop improved, converged standards for revenue recognition. Preparers must develop a policy for measuring the amount and timing for recognising revenue for goods and services. Revenue is a key performance indicator that drives the recognition of expenses and profits and valuation of an entity.
CPD (Continual Professional Development) accredited by the CPD
• Learn the scope of the new revenue recognition standard Apply the five steps to recognise revenue • Understand the required changes to measurement of revenue Plan how to implement the transition • Identify new presentation and disclosure requirements Comply with the new accounting and disclosure requirements for leases • Analyse contracts to determine whether they contain leases • Apply the rules for initial and subsequent measurement by lessors and lessees • Plan for the implications of the new accounting standards for leases – what it means for you • Understand how IFRS 9 is developed and implemented in practice • Identify practical implementation issues together with solutions • See how the standard can be implemented in practice in a simplified and effective manner. • Better understanding of hedge accounting requirements
About Course Provider
GBA Corporate, the name highlights as a one stop for diversified training. We are one of the most upcoming UK based training company offering extensive training with wide range of training courses. We are based in UK with venues across the globe, providing value training in 15 countries worldwide not only that we customise training as per requirement and even Be Spoke and can reach anywhere in the world for our Clients.
GBA Corporate is the name on which you can rely upon like our clients from diverse sectors across the globe. Our innovative and diversified training courses are designed and delivered by our recognized facilitators known for providing relevant courses in their region.
Our mission is to enhance the skills through our extensive variety of pioneering programs that will help the employees to explore new skills within themselves and build new perspectives though our varied nature.
Our Slogan is our Vision and our mission. It starts with getting to know what your training needs are, understanding in depth and connecting with best approach to deliver results thereby making connections.
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