Using IFRS 15, an entity acknowledges revenue to illustrate the transfer of guaranteed products or services to the client in a quantity that reflects the consideration to which the entity anticipates to be qualified in exchange for those products or solutions.

2. IFRS 15 - What are the five steps of
(Financial Reporting) IFRS 15?

3. Continued..
• Using IFRS 15, an entity acknowledges revenue to illustrate the
transfer of guaranteed products or services to the client in a
quantity that reflects the consideration to which the entity
anticipates to be qualified in exchange for those products or
solutions.
• The five-step design applies to income earned from a contract
with a customer with restricted exceptions, no matter the type of
earnings deal or the market.
• The core concept of IFRS 15 is that revenue is identified when the
goods or services are moved to the consumer, at the transaction
price.

4. Continued..
• Step 1: Identify contract(s) with consumer
• An agreement creates enforceable legal rights and responsibilities. It may
be created, oral or suggested by traditional company techniques.
• Step 2: Determine different efficiency obligations in the agreement( s).
• Performance commitments are promises in a contract to transfer
products or solutions, consisting of those a consumer can resell or
provide to its consumer.
• Step 3: Establish the deal price.
• The transaction price is the amount of the factor to consider a firm is
entitled to obtain for transferring goods or solutions to clients.
• Step 4: Allot the deal cost.
• Purchase rates need to be allotted to distinctive efficiency commitments
based on family members' standalone asking price.
• Step 5: Identify revenue when the efficiency responsibility is completely
satisfied.

6. About IFRS 15 Certification
• IFRS 15 Certification has become an important driving force for
accounting, economic, and political reform in many parts of the
world.
• The convergence of financial reporting standards has considerable
benefits to prepares accounts, for listed companies, investors,
multinational businesses, and the global economy.
• The target audience is professional accountants and auditors,
qualified by their national accounting standards. However, it is
possible for those with experience but no formal qualifications in
accounting and auditing to register for this certificate.
• Those who want a better International Financial Reporting
Requirements Certification can also apply for this certificate.

7. Significance of IFRS Certification in 2020
• IFRS 15 is the international accounting framework for how
public companies prepare and disclose their financial
statements.
• International Financial Reporting Requirements Certification
will help you to understand and explain the structure of the
framework of international accounting.
• Apply relevant financial reporting standards to key elements
of financial reports.
• And identify and apply disclosure requirements for
companies in financial reports and notes. Prepare group
financial statements (excluding group cash-flow statements)
including subsidiaries, associates, and joint ventures.

8. Training Facility in UAE: Dubai,
Abudhabi, Sharjah .
• If you are looking for an IFRS 15 certification course in Dubai,
Abudhabi, and Sharjah in UAE, you are reading the right article.
Zabeel Institute has designed the best IFRS exam preparation
course.
• This Certification Training offered by Zabeel Institute stands out
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• International Financial Reporting Requirements exam result and
pass percentage in Zabeel Institute is very high, which is increasing
day by day under the constant support and guidance from the
instructor.
• Zabeel Institute is well known for delivering several successful
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exam.

9. For further Information , please contact :-
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Whatsapp : 00971505258501
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