This standard impacts every company and is foundational to your financial reporting.
This course provides a comprehensive overview of IFRS 15, the international standard for revenue recognition. IFRS 15 establishes the principles for reporting information about the nature, amount, timing, and uncertainty of revenue and cash flows from contracts with customers. It replaces earlier standards, including IAS 18, and has become the central framework for revenue recognition in financial reporting across industries.
Participants will gain a clear understanding of how IFRS 15 differs from previous standards and how it can significantly change the way organizations recognize revenue—often in ways that are unexpected. This course is essential for accounting professionals who want to ensure compliance, improve reporting accuracy, and better communicate financial performance under the IFRS 15 model.
3 activities • 1 videos • duration: 1h 19m
Finance Educator
As a senior finance professional with extensive corporate reporting experience and over a decade of financial reporting and accounting experience, Tess has led the implementation of numerous complex accounting standards, including the full implementation of IFRS for a large public corporation. Her accounting experience encompasses a broad range of areas including: internal controls over financial reporting, consolidation, M&A and equity accounting, foreign currency hedging, process improvement, Canadian and U.S. taxation, not-for-profit reporting, and audit. Throughout her career, Tess has also led a variety of training sessions ranging from accounting and regulatory standards to personal finance.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
Developed good understanding of IFRS 15, good for refresher
Good course
Good refresher
very complete course with good overview of 5 step - Excellent
