Revenue Recognition & Expense Matching Course

Overview
Course Outline
Scheduled Dates

Course Overview

In today's rapidly changing financial landscape, understanding the intricacies of revenue recognition and expense matching remains paramount for sound financial reporting. This intensive 5-day course delves deep into the foundational principles of these key accounting concepts, ensuring that participants understand the ‘how’ and the 'why'. This course promises holistic coverage from the historical evolution of revenue recognition to the latest accounting standards governing it and from the basics of expense matching to its real-world challenges. Beyond mere theoretical understanding, participants will also engage with real-world case studies, emphasising practical applications and the nuances that professionals often encounter. The course also stays updated with contemporary developments, ensuring attendees are always ahead in their accounting endeavours.

Objective:

Gain a comprehensive understanding of revenue recognition and expense matching principles.
Navigate the different methods and criteria essential for recognising revenue effectively.
Deepen insights into the art and science of expense recognition, emphasising the matching principle.
Assess the financial and operational impacts stemming from incorrect revenue and expense reporting.
Stay abreast with the latest accounting standards and technological advances affecting revenue and expenses.

Course Outline

Day 1: Laying the Groundwork

The Pillars of Financial Reporting: A Deep Dive into Revenue and Expenses.
Tracing the Evolution: Historical Progression of Revenue Recognition.
Setting the Stage: Introduction to Expense Matching & its Relevance in Modern Accounting.

Day 2: Unravelling Revenue Recognition

Demystifying the Criteria for Recognizing Revenue.
A Step-by-Step Guide: The Five-Step Model for Revenue Recognition.
Special Scenarios in Revenue Recognition: Dissecting Bundled Products, Licensing, and Long-Term Contracts.

Day 3: The Art of Expense Recognition and Matching

Revenues & Expenses: The Imperative of Perfect Timing.
A Close Look at Expense Recognition Criteria.
Addressing the Challenges: Delving into Prepaid E, Accruedand Deferred Expenses.

Day 4: The Aftermath of Missteps

The Ripple Effect: How Incorrect Revenue and Expense Recognition Impacts Financial Statements.
Navigating the Legal Labyrinth: Understanding Compliance Ramifications.
Learning from Mistakes: Engaging with Real-world Examples of Revenue and Expense Misstatements.

Day 5: Staying Ahead in the Game

Adapting to Change: Recent Updates in Accounting Standards, including IFRS 15.
Embracing the Future: The Interplay of Technology in Revenue and Expense Recognition.
Drawing from Real Experiences: Analytical Discussions on Recent Cases.

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.

Select Month

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June
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Location

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London

Finance and Accounting

London

$4,900

Duration: 20 CPD hours (5Days)

date: 24 - 28 Jun 2024

Finance and Accounting

London

$4,900

Duration: 20 CPD hours (5Days)

date: 30 Sep - 04 Oct 2024

Finance and Accounting

London

$4,900

Duration: 20 CPD hours (5Days)

date: 16 - 20 Dec 2024

Finance and Accounting

Mastering Revenue Recognition and Expense Matching

Duration:5 Days (20 CPD hours)

date:24 - 28 Jun 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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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

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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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