IFRS Revenue Recognition

					IFRS: Revenue Recognition
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         Course Date:    October 14, 2009                               Course Code:     0915_R
         Course Time:    8:30 am to 4:30 pm                                      CPD:    7 hours
             Location:   REGINA – ICAS Training Room                     Competency:     Performance Measurement – Management
                                                                                         Reporting
              Member:    $ 355                                  Registration Deadline:   Sept. 30/09
         Non-member:     $ 425                                          Course Level:    Intermediate


         Course Date:    January 14, 2010                               Course Code:     0915_S
         Course Time:    8:30 am to 4:30 pm                                      CPD:    7 hours
             Location:   SASKATOON – Delta Bessborough                   Competency:     Performance Measurement – Management
                                                                                         Reporting
              Member:    $ 355                                  Registration Deadline:   Jan. 5/10
         Non-member:     $ 425                                          Course Level:    Intermediate


OBJECTIVE
The objective of this course is to provide participants with the information they will need to make key decisions regarding
revenue recognition. It will help participants to find and utilize guidance applicable to unique revenue recognition situations, to
identify and understand the key differences between IFRS and Canadian GAAP, to understand how to identify and treat the
separate elements of multiple-element arrangements, and to be aware of anticipated changes in the accounting for revenue
under IFRS. The course material covered is intended to apply to a broad range of industries.

WHO WILL BENEFIT
CAs and other professionals who need to navigate complex issues around the recognition and measurement of revenue.

BENEFITS OF ATTENDING
By the end of this course, participants will be able to navigate sources of accounting guidance on revenue recognition;
understand issues that are likely to be scrutinized by regulators; establish revenue policies where specific guidance does not
exist; allocate contract revenues appropriately in multiple-element arrangements; differentiate between IFRS/US
GAAP/Canadian GAAP requirements; and be aware of the most recent revenue-related pronouncements and pending issues.

CONTENT
   •  summary of important IFRS pronouncements relating to revenue
           o IAS 18 Revenue – applying the standard to sale of goods; delivery of services; interest; royalties and
               dividends; determining revenue policies where guidance is lacking
           o IAS 11 Construction Contracts
           o IFRIC 13 Customer Loyalty Programs
           o SIC 31 Barter Transactions Involving Advertising
   •  discuss accounting for commonly encountered issues - revenue with right of return; price protection; delivery and
      substantial performance; gross versus net reporting; non-monetary transactions (barter revenue); deferred payments
      (discounted cash flow); sale and repurchase agreements; bill and hold sales; reimbursements of out-of-pocket
      expenses; non-refundable payments received in advance; effect of fair value measurement; multiple-element contracts;
      separately identifiable components of an arrangement; incidental deliverables
   •  review current status of IASB Revenue Project
   •  examples of financial statement presentation

COURSE LEADER – PATRICIA WALTERS, PHD, CFA, is an international consultant and instructor. She is President of
Disclosure Analytics, Inc., a consulting firm specializing in the independent assessment of the quality of financial reporting and
disclosure under IFRS and US and Canadian GAAP. She also teaches International Accounting as well as US GAAP Financial
Reporting & Analysis courses at Fordham University. Patricia has presented on financial reporting and financial analysis topics
at conferences and workshops worldwide to auditors, financial statement preparers, and investment professionals.




                                 3621 Pasqua Street Regina, SK S4S 6W8 Fax: (306) 569-8288
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