IFRS 15 - Revenue Recognition Redefined for All Industries torrent

IFRS 15 - Revenue Recognition Redefined for All Industries

Last Update: 7/2021
Duration: 2h 13m | Video: .MP4, 1280x720 30 fps | Audio: AAC, 44.1 kHz, 2ch | Size: 574 MB
Genre: eLearning | Language: English
Revenue Recognition standard for hospitality, service, technology and construction industries

What you'll learn:
IFRS 15
revenue recognition standard
how to record revenue for startups, packages
how to record revenue for service companies

Requirements:
basic accounting practices

Description:
The objective of IFRS 15 is to establish the principles that an entity shall apply to report useful information to users of financial statements about the nature, amount, timing, and uncertainty of revenue and cash flows arising from a contract with a customer.
IFRS is aimed to bring consistency in reporting across industries and ensure relevant information is available to users making decision.
The core principle of IFRS 15 is that an entity will recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This core principle is delivered in a five-step model:

,