Recognition and Measurement of Income and Expenses (IFRS / US GAAP)

Duration
1 days /
8 academic hours /
8 CPD-units /
7 CPE credits

Who should attend

Financial directors
Financial managers
Chief accountants
Accountants
Internal auditors
Internal controllers
Employees of financial services, who are familiar with the basics of accounting.

Objectives

To continue studying financial accounting methods according to IFRS and US GAAP
Consider the following International financial reporting standards:
- IFRS (IAS) 18 «Revenue»
- IFRIC 13 «Customer Loyalty Programs»
- IFRIC 15 «Agreements for the Construction of Real Estate»
To consider the documents regulating accounting rules according to US GAAP
- ASC 605 «Revenue Recognition»
- ASC 970 «Real Estate - General».

Training methodology

Training is conducted in an interactive form and includes a number of case studies.
Training participants are provided with specially designed training materials in Russian.

Training outline

Recognition and measurement of revenue and expenses

Scope of standard application and definitions
Revenue measurement and operation identification
Sale of goods
Rendering services
Revenue from interest, royalty and dividends
IFRIC 13 Customer Loyalty Programs
Revenue recognition on construction contracts
- IFRIC 15 «Agreements for the Construction of Real Estate»
Disclosure requirements.

Certificates
Certificates of the Ernst & Young Academy of Business.

Place and time
Open trainings are conducted at Ernst & Young Academy of Business from 9:30 to 16:30.

In-company training

Preliminary analysis of clients’ training needs, identification of aims and goals
Training adaptation to industry
Flexible approach to training location
Report on the training results.

Recommended training scheme