Navigate complex contract accounting, master the essential 5-step model, and ensure audit-ready compliance using real-world financial case studies.
This course provides a detailed examination of the IFRS 15 revenue recognition framework, contrasting it with the traditional UK GAAP FRS 102 approach. It covers the core five-step model, including identifying contracts, performance obligations, transaction pricing, and revenue allocation. The material explores specific industry applications such as software, SaaS, construction, telecommunications, and retail, while addressing complex issues like variable consideration, licensing, and disclosure requirements. Learners will gain insight into the conceptual shift from risk-based reporting to control-based economic substance.
Accountant with a Passion for Mindfulness
Viktoria Nedelcheva is an accounting and online instructor who excels at turning complex accounting concepts into clear, simple, and practical guidance. Her teaching approach focuses on real-world application, helping learners confidently understand and apply accounting principles without getting lost in technical jargon.
