Revenue Recognition: Principles, Practice, and Strategic Impact
Overview
In this course, you’ll go beyond the technical aspects of revenue recognition and explore its strategic importance in driving business success and maintaining investor trust. You’ll master the application of revenue recognition standards like ASC 606 and IFRS 15, focusing on key concepts such as the five-step model, performance obligations, variable consideration, and contract modifications. With real-world examples and practical guidance, you’ll learn to navigate complex contracts and apply standards effectively across industries, particularly in subscription and service-based models. The course also emphasizes leadership skills, teaching you how to align teams, communicate policies to stakeholders, and manage the revenue recognition process during periods of change. By the end, you’ll be equipped to not only ensure compliance but also to lead with clarity, control, and strategic credibility.
Learning Objectives:
After completion of this course, participants will be able to:
- Identify the five steps of the ASC 606 / IFRS 15 revenue recognition model.
- Classify common performance obligations and determine their impact on timing of revenue.
- Recognize how to account for contract modifications and variable consideration.
- Distinguish between over-time and point-in-time revenue recognition criteria.
- Select appropriate revenue recognition approaches based on business model scenarios.
This course includes practical exercises, mentor insights, and scenario-based questions to reinforce learning and ensure participants can apply key concepts in real-world finance leadership situations. Upon successful completion, participants will receive a CPD-accredited certificate.
Lessons:
Lesson 1: Mastering the Principles of Revenue Recognition
This module covers ASC 606 and IFRS 15, focusing on revenue recognition principles, the five-step model, contract assessments, and performance obligations, with practical examples to simplify timing, allocation, and disclosures.
Lesson 2: Applying Revenue Recognition to Real-World Scenarios
This module covers applying revenue recognition principles to complex business models like SaaS and media, focusing on variable consideration, contract modifications, and recognition methods.
Lesson 3: Leading Compliance, Communication, and Strategic Alignment
This module covers managing revenue recognition strategically, focusing on internal controls, aligning accounting with growth, and presenting policies to stakeholders for trust-building.
Additional Information
CPD Hours: 2
Field of Study: Finance
No prerequisite knowledge is required to be successful in this course.
No advance preparation is required.
Program Level: Basic
Delivery Method: QAS Self Study
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