Ultimate IFRS 15 Masterclass
A life-saver for Accountants, Auditors, and Finance Controllers. Bypass the complexity of revenue recognition with concise, easy-to-understand explanations designed for busy professionals.
Created by Imad Uddin, FRM · Founder of IFRSMasterclass.com & FAAS Leader
Trusted by finance professionals globally.
About This Course
Who Is It For?
Finance Directors, Controllers, Audit Managers, and Accountants managing complex customer contracts, bundled offerings, and long-term projects.
Prerequisites
A desire to bypass complexity and a foundational understanding of basic accounting principles.
Course Description
Are you still struggling with IFRS 15 complexities? You don't need to. In today's competitive job market, just being qualified isn't enough. The Ultimate IFRS 15 Masterclass is packed with simple explanations, helpful examples, and practical Excel modeling exercises. We don't just teach the basics—we empower you to confidently handle the toughest IFRS 15 complications, from significant financing components and advance payments to loyalty programs and variable discounts, giving you tangible knowledge in the least amount of time.
What You Will Learn
Master the foundational 5-Step Model for recognizing revenue in one streamlined module.
Correctly distinguish and account for Assurance-type vs. Service-type Warranties.
Handle Time Considerations, including delayed payments, advance payments, and significant financing components.
Navigate Discounts, rebates, and variable consideration constraints.
Account for Customer Loyalty Programs, reward points, and material rights.
Seamlessly handle Principal vs. Agent assessments and Right of Return scenarios.
Course Curriculum & Modules
Part 1: The Core 5-Step Revenue Model
01
Section 1: IFRS 15 Introduction & Step 1
Identifying the Contract with the customer.
02
Section 2: Step 2
Identifying separate Performance Obligations.
03
Section 3: Step 3
Determining the Transaction Price.
04
Section 4: Step 4
Allocating the Transaction Price based on Stand-Alone Selling Prices (SSP).
05
Section 5: Step 5
Recognizing Revenue (Over time vs. Point in time).
Q1
Quiz 1
Test your knowledge on the core 5-step framework.
Part 2: Complex Scenarios & Specific Considerations
Each treated as a standalone module
06
Section 6: Warranties
How to distinguish and account for standard assurance warranties versus extended service-type warranties.
07
Section 7: Time Considerations & Financing Components
Accounting for the time value of money, including delayed payments (receivables) and advance payments (contract liabilities).
08
Section 8: Discounts & Variable Consideration
Handling volume discounts, rebates, performance bonuses, and the constraint on variable consideration.
09
Section 9: Customer Loyalty Programs (Material Rights)
How to allocate revenue to reward points, loyalty cards, punch cards, and future discount vouchers.
10
Section 10: Rights of Return & Refund Liabilities
Accounting for anticipated returns, refund liabilities, and asset recovery.
11
Section 11: Principal vs. Agent Considerations
Determining whether to recognize revenue gross (as a principal) or net (as an agent/broker).
12
Section 12: Bill-and-Hold & Consignment Arrangements
Specific rules for when control actually transfers to the customer.
Q2
Quiz 2
Concept check on complex scenarios and edge cases.
Part 3: Contract Costs, Presentation & Disclosures
13
Section 13: Contract Costs
Incremental costs of obtaining a contract (commissions) and costs to fulfill a contract.
14
Section 14: Presentation & Disclosures
Contract assets vs. receivables, contract liabilities, and key qualitative/quantitative disclosures.
Q3
Quiz 3
Final knowledge check on costs and financial statement presentation.
Part 4: Bonus Module (Templates & Practical Exercises)
B1
IFRS 15 Excel Allocation Template
Ready-to-use model for allocating transaction prices across multiple performance obligations.
B2
Practical Exercises
Hands-on application for loyalty programs, financing components, and warranty allocations.
What's Included
Instant Access
Begin learning immediately upon enrollment.
Downloadable Toolkits
Exclusive access to allocation templates and modification schedules.
Hands-on Practice
Real-world exercises to give you on-the-job insights.
Knowledge Checks
Dedicated quizzes to clear misconceptions and ensure accuracy.
Career Enhancer
A verifiable Certificate of Completion to showcase your credentials.
Risk-Free Enrollment
7-day, no-questions-asked money-back guarantee.
Meet Your Instructor
Imad Uddin, FRM
Founder of IFRSMasterclass.com & FAAS Leader
Imad Uddin has a passion for simplifying IFRS and developing a strong conceptual understanding for his students. He leads Financial Accounting Advisory Services at a reputable firm in Dubai. He founded IFRSMasterclass.com with one goal in mind: to help professionals quickly master IFRS and advance their careers without the usual headache.
What Professionals Say About the Trainer
“Your knowledge astounds me. Never I have seen such depth into such a complex subject.”
(Prof) Dr. Steven Firer
“Thank you Imad for the insightful 2 days. Well delivered 👌.”
Maria Phooko
“Fantastic sessions you run on IFRS 17 & 9. Professionally delivered and well received by learners. Keep up the good work. Lots of your learners are asking for your contact, I will share. Thank you so much Imad Uddin Shaikh.”
Prince Sinamane
“It was really informative & comprehensive session, learned a lot from it.”
Uzaif Muhammad Asif
“Thank you so much sir, it was a great session.”
Homil Harani
“It was superb. Thanks Imad Uddin Shaikh.”
Saad Baig
“Thank you Imad Uddin Shaikh. It was excellent.”
Imran Shaikh - FCA
Feedback relates to Imad Uddin's training sessions and programs. It is shared as received, with only minor spelling and punctuation corrections.
Frequently Asked Questions
Who is this course for?
Whether you're an auditor reviewing revenue streams, a controller managing loyalty programs, or an accountant preparing financial statements, this course meets you where you are and propels you forward.
Does this cover complex edge cases?
Yes. While the core 5 steps are taught efficiently in Part 1, Part 2 is entirely dedicated to deep dives into specific complications like warranties, financing components, loyalty cards, and variable discounts.
How long does the course take to complete?
The course is designed for busy professionals. You can bypass the complexity and work through the material entirely at your own pace, going from beginner to expert in just a few days.
Is there a refund policy?
Yes. If you aren’t completely satisfied, let us know within the first 7 days for a full refund. No questions asked.
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