IFRS 15 Revenue Recognition Workshop: Navigating the Complexities

Thursday, October 5th, 2023

In the fast-paced world of business, staying abreast of evolving regulations and standards is crucial for any organization aiming to maintain its competitive edge. Shasat, a renowned name in professional training and development, has taken a bold step forward by launching its highly anticipated IFRS 15 Revenue Recognition Workshop. This intensive program is designed to provide professionals with the knowledge and skills needed to effectively navigate the complexities of the International Financial Reporting Standard (IFRS) 15, which came into effect on January 1st, 2018.

IFRS 15 is a standard that has left its mark on the global business landscape, particularly impacting companies engaged in long-term contracts with multiple elements. Industries such as telecommunications, software development, health sciences, and construction have found themselves grappling with the intricacies of this regulation. Shasat’s workshop promises to be a beacon of guidance in this challenging terrain.

At the heart of this program lies a comprehensive exploration of the five-step model of IFRS 15. This model demands that organizations carefully distinguish between various elements within a contract and then recognize revenue for each element based on separate pricing structures. Additionally, participants will delve into the substantial demands imposed by the standard in terms of data collection and system capabilities, offering a practical and hands-on approach to compliance.

Read More: https://prfree.org/@shasat/ifrs-15-revenue-recognition-workshop-navigating-the-complexities-xho6kd7w68r7