Revenue Recognition - Part 2 - AASB 1058
1h 10m CPD time
Difficulty: Intermediate
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In this two-part miniseries, learn about the updated revenue recognition standards: AASB 15 Revenue from Contracts with Customers and AASB 1058 Income of Not-for-Profit Entities.
In Part 2, we get an overview of the two standards, plus focus on AASB 1058, including:
Applicability of the standard to certain transactions
Peppercorn leases
Volunteer services
Grants and service agreements
Donations
Worked examples
Watch the replay for Part 1, which covers AASB 15, including the application of the 5 step process.
Date recorded: 1 February 2023