Key details

Cost: $120 /module /user (inc. GST)

Duration: 1 Hour

CPD Points: CPA and CA ANZ eligible

About the course

The core principle of the AASB 15 standard requires an entity to recognise revenue for the transfer of goods or services to customers. This amount should reflect what the organisation is entitled to in exchange for transferring those goods or services to the customer. However, how is this amount calculated? How do they recognise revenue if multiple goods and services are exchanged? What amount should be recognised as revenue if a customer can claim a refund 3 months after delivery? 

There are many interesting questions related to revenue recognition. AASB 15 does not distinguish between sales of goods, services or construction contracts. It defines transactions based on performance obligations satisfied over time versus point in time. This course explains the scope and outlines the 5-step approach of the standard.

 

How to enrol

Our training is different because

Flexible access from any location convenient to you.

Leverage the power of the PwC global knowledge base.

High quality, interactive training material.

Certificates are issued promptly upon the completion of the course.

Access to course content for up to 6 months from enrolment.

Secure your place now

Book now

Course overview

Learning outcomes

After successful completion of this course you will:

  • decide if the item of income is in the scope of the 15 standard
  • understand the AASB standard’s 5 step approach
  • identify the contract with the customer, including situations of contract combination and contract modification
  • Be able to make distinctions between performance obligations
  • determine the transaction price by understanding the complexities including the effects of variable consideration, significant financing component, non-cash consideration, variable consideration, etc. 
  • allocate the transaction price
  • define the revenue recognition pattern at a point in time or over time     

Qualifications

You will receive a Certificate of Completion upon successful completion of the course. This course is eligible to claim professional development points from CPA and CA ANZ.

Prerequisites

There are no prerequisites for this course.

Who should complete?

Our AASB eLearns are industry agnostic and are applicable to most organisations. We can help upskill yourself, your finance team, or your entire organisation. 

Pricing

Price per module per user (AUD) – $120 (inc. GST)

How to pay

We offer a variety of payment methods:

  • Direct debit
  • Credit card
  • Cheque

How to enrol

Register for the course via the Book Now button on this page. You will be taken to our online platform to register your details. We will send you an invoice and upon receipt of payment, you will be granted access to your course. 

Delivery

Our eLearns are able to be delivered in clusters that are aligned to individual industry or skills needs. We can tailor a cluster to meet your specific upskilling needs. 

“Excellent trainers with high level expertise, varied content to keep us engaged and quality resources leave me with confidence that I could implement what I’ve learned.”

“The presenters really helped to link the course material to real life situations. They were very professional and helped make the course very enjoyable.”

“Excellent trainers with high level expertise, varied content to keep us engaged and quality resources leave me with confidence that I could implement what I’ve learned.”

“The presenters really helped to link the course material to real life situations. They were very professional and helped make the course very enjoyable.”

“Thoroughly enjoyable learning experience, facilitated to an excellent standard – Well adapted to the diversity of skill within the group.”

Fantastic course professionally run by a ‘real’ auditor working in the field which allowed for a fantastic bridge between theory and practical examples.

“Very informative and enjoyable course. Excellent materials and tools in the course and to take home. Excellent value for money. The trainer did a great job of keeping us engaged and learning. I will do future training through PwC.”

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