Revenue Recognition - Part 1 - AASB 15
1h 2m 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 1, we get an overview of the two standards, plus focus on AASB 15, including the application of the 5 step process:
Identify the contract with the customer
Identify performance obligations
Determine transaction price
Allocate transaction price
Recognise revenue
Watch the replay for Part 2, which covers AASB 1058, which includes various scenarios that a NFP might face and worked examples.
Date recorded: 31 January 2023