Revenue recognition

Professional Development


This IFRS 15 Revenue from Contracts from Customers session will ensure delegates gain an understanding of the new ‘5 step approach’. This standard replaced IAS 18, IFRIC 13, IFRIC 15, IAS 11, IFRIC 18, SIC 31 on 01.01.2018. There is no longer any differentiation across different industries.

Suitable For

Anyone preparing financial statements using IFRS.

2 CPD hours
2 hours

This course has already run and a new date has not yet been scheduled. Please contact us to register your interest.

Learning Outcomes

Having attended this course, delegates will:

  • Be able to apply the 5 step approach to all transactions which are classed as Revenue
  • Account for multi-arrangement transactions where more than one performance obligation is noted in the arrangement
  • Be confident in knowing when it is not appropriate to recognise revenue (ethical elements included)


  • Gain an understanding of the core principles of IFRS 15 using its 5 step framework.
  • Explore the standard’s other requirements such as the recognition and measurement of gains and losses on the sale of some non-financial assets that are not an output of the entity’s ordinary activities (e.g., sales of property, plant and equipment or intangibles). Gain confidence across the disclosure requirements, performance obligations, and key judgements and estimates