Revenue Accounting - Learn Practices and Principles

Overview
Course Outline
Scheduled Dates

Course Overview

This 5-day course on Revenue Accounting will offer a deep dive into the principles and practices associated with accurately recording, recognizing, and analysing revenue. Participants will understand the critical role of revenue accounting in overall financial reporting and compliance, and will learn practical skills to handle complex revenue transactions, revenue recognition standards, and more.

Objective:

By the end of this course, participants should be able to:

Understand and apply the fundamental principles of revenue accounting.
Identify different types of revenue and the accounting treatment for each.
Apply the five-step revenue recognition model in accordance with ASC 606 and IFRS 15.
Understand how to deal with changes in contract terms, including modifications, cancellations, and renewals.
Analyse revenue accounting reports and statements.
Comply with relevant regulatory and reporting requirements for revenue accounting.
Recognize potential issues and discrepancies in revenue accounting.

Course Outline

Day 1 - Introduction to Revenue Accounting

Understanding Revenue
Types of Revenue
Importance of Revenue Accounting

Day 2 - Revenue Recognition Principles

Understanding the Revenue Recognition Principle
Applying ASC 606 and IFRS 15
Five-Step Model for Revenue Recognition

Day 3 - Revenue Accounting for Different Types of Contracts

Contract Modifications
Contract Cancellations
Revenue Recognition for Renewals

Day 4 - Revenue Accounting Reports and Statements

Analysis of Revenue Reports
Understanding Revenue Forecasts
The Impact of Revenue Recognition on Financial Statements

Day 5 - Regulatory and Compliance Requirements in Revenue Accounting

Regulatory Compliance for Revenue Accounting
Impact of Non-Compliance
Case Study and Review.

Schedule & Fees

3 For 2Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

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Location

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London

Finance and Accounting

London

$4,900

Duration: 20 CPD hours (5Days)

date: 20 - 24 May 2024

Finance and Accounting

London

$4,900

Duration: 20 CPD hours (5Days)

date: 12 - 16 Aug 2024

Finance and Accounting

London

$4,900

Duration: 20 CPD hours (5Days)

date: 16 - 20 Sep 2024

Finance and Accounting

London

$4,900

Duration: 20 CPD hours (5Days)

date: 18 - 22 Nov 2024

Finance and Accounting

Mastering Revenue Accounting

Duration:5 Days (20 CPD hours)

date:20 - 24 May 2024

London

$4,900

CPD Standards

Employees of professional or formally regulated bodies are generally expected to have CPD accredited training. This type of accreditation ensures that the training is knowledgeable, informed and constantly updated. It ensures our standards as a company are kept high and consistent.

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Why Choose London Training For Excellence?

Reliability

We will never cancel a confirmed booking
Support

We offer around the clock support
Tailored

We customise our courses to suit your personal learning needs
Quality

Our courses are delivered by highly experienced industry experts
Recognition

All our courses are accredited by the CPD Standards Agency

Frequently Asked Questions

How can training courses be used as a company benefit?

Training is hugely beneficial to both yourself and your company. It enables you to employ new technologies, increases your productivity and enables you to be more autonomous. Have a look here at our infographic on the importance of training and development!

How often do you update your course content to ensure relevancy?

Our course content is constantly reviewed and updated to ensure we stay up to date with all the latest trends. After every course is completed we review the feedback and improve the material where necessary.

Do you keep your classroom environment and instructional methodologies current with today’s real-world workplace?

Yes, we focus our training on ‘real-world’ scenarios and our trainers are all highly experienced and skilled in their relevant fields.

Are your courses eligible for professional certification?

Yes, we offer certification with all our courses, every course is entitled to CPD (Continuous Professional Development) hours which you can put towards your professional portfolio.

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