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The revenue standard needed to be adopted for accounting periods beginning on or after 1 Jan 18. This standard is potentially, significantly different to the old accounting standards (IAS 18 and IAS 11) which were light on detail, as the new standard contains more detailed guidance.
In the first year the emphasis is normally on specialist teams who focus on getting the formal accounts prepared. Once that is completed, the focus needs to move to the embedded changes throughout the organisation, and part of that will be the need to train and upskill accountants throughout the organisation (for example those working in FP&A or business partnering).
We have designed a practical one day course which goes through IFRS 15 which not only looks at the technical accounting changes but brings it to life by also looking at commercial implications and the practicalities of embedding the changes throughout the organisation.
Appropriate for finance professionals in all sectors, anyone looking to gain a broader understanding of IFRS 15 Revenue.
Note – US GAAP (606) is broadly converged with IFRS 15. So those reporting under US GAAP may also find this course of value to attend. However, please contact us prior to booking so that we can ensure that you’re booked onto one of the sessions where the trainer is conversant in both US GAAP and IFRS.
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