WHAT YOU'LL LEARN
IFRS 15 – Revenue from Contracts with Customers
Learn IFRS 15 revenue recognition and measurement through structured online lessons, worked questions, and practical case studies. Understand the five-step model and apply it to complex customer contracts.
IFRS 15 Revenue from Contracts with Customers Course Overview
This IFRS 15 online course provides a practical understanding of the principles used to recognise and measure revenue from contracts with customers. You will learn how IFRS 15 applies its five-step revenue recognition model, from identifying a customer contract and performance obligations to determining the transaction price, allocating consideration, and recognising revenue when or as obligations are satisfied.
WHAT'S INCLUDED in IFRS 15 Financial Instruments Course
Everything you need to master in IFRS 15 Financial Instruments Course
Your course package gives you access to the resources and practical materials needed to study IFRS 15 revenue recognition effectively.
Topic Videos
Lectures covering the key areas of the IFRS 15 standard
Question & Solution Videos
Worked questions with detailed solutions
One Year Access
Study at your own pace with 12 months of full access
Excel Working Files
Downloadable Excel files to practise alongside each lesson
Certificate of Completion
Earn a certificate when you finish the course
Understand the IFRS 15 Revenue Syllabus
Your complete course covers revenue recognition from the standard's core five-step model through to complex contract scenarios — from identifying performance obligations through to contract modifications — with worked questions and case studies throughout.
IFRS 15 fundamentals
The standard that replaced IAS 18 and IAS 11, and an overview of how revenue is now recognised.
The five-step model
Identifying the contract and performance obligations, and applying the core model step by step.
Variable consideration and financing
Measuring variable consideration, significant financing components, and non-cash consideration.
Allocating and recognising revenue
Allocating transaction price to performance obligations, and recognising revenue as obligations are satisfied.
Rights of return, warranties and agents
Accounting for rights of return, warranties, costs to fulfil a contract, and the principal-versus-agent distinction.
Contract modifications and application
Contract modifications in detail, applied through worked exam-style questions and case studies.
IFRS 15 Financial Instruments Course content
A clear path through the IFRS 15 Financial Instruments Syllabus
Student reviews
What students say about their experience with Vertex
IFRS 15 Financial Instruments FAQs
Frequently Asked Questions for IFRS 15 Financial Instruments Course
Who is this course suitable for?
It's designed for accounting and finance professionals, as well as students from ACCA, CIMA, CA, ICAEW, CAT, BBA, MBA and other qualifications studying financial accounting and financial reporting under IFRS.
Do I need prior knowledge of IFRS 15 to take this course?
No. The course takes you from beginner to advanced level, starting with an overview of IFRS 15 and building up through the five-step revenue recognition model to more complex areas like contract modifications and financing components.
What will I actually learn to do?
You'll learn to apply the five-step model to recognise revenue from contracts, measure variable consideration and financing components, allocate transaction price to performance obligations, and handle rights of return, warranties, and principal-versus-agent scenarios.
How is IFRS 15 different from the old standards, IAS 18 and IAS 11?
IFRS 15 replaced both IAS 18 and IAS 11 with a single, principle-based five-step model for revenue recognition, removing the separate rules that previously applied to goods, services, and construction contracts. The course explains this shift in detail.
How long do I have access?
You get one year of full access, so you can study at your own pace and revisit lessons as needed
Do I get a certificate after finishing the course?
Yes, a certificate of completion is issued once you finish the course.
Ready when you are
Learn IFRS 15 Revenue Recognition Today
Build practical knowledge of revenue recognition, performance obligations, transaction price, and complex customer contracts with VLS. Enrol now for access to the lessons, Excel working files, and worked practice questions.