Training
Accounting and assurance standards – Revenue recognition
Length: 3 h 30
Updated training for 2025-2026
Summary
The standard on revenue recognition, effective since 2022, continues to raise questions regarding its practical application and the additional disclosures required in financial statements. This training provides a concrete overview of the main issues, their impacts, and common pitfalls to avoid, helping you secure your files and professional interventions.
Training Objectives:
- Understand and apply the accounting requirements related to revenue recognition.
- Review the fundamental concepts and identify the main changes introduced.
- Determine the appropriate units of account and apply recognition criteria in practice.
- Assess the impacts of these changes on financial statements and their initial application.
- Strengthen documentation in audit and review engagements relating to revenue recognition.
Agenda
Identify, understand and apply new accounting rules in financial reporting
- Review of fundamental concepts
- Identification of key changes
- Determination of units of account
- Special points of attention:
- Percentage-of-completion method
- Contracts with multiple elements
- Gross vs. net presentation of revenue
- Bill-and-hold arrangements
- Non-refundable upfront fees
- Clarifications in the Appendix to Section 3400 of the CPA Canada Handbook
- Impacts on financial statements and the initial application of changes
- Documentation for audit and review engagements
Last but not least
- Presentation of the changes made to the Paradigme Questionnaires
- Practical examples:
- Case scenarios to demonstrate revenue measurement and recognition
- Examples of situations that may require an adjustment to the financial statements
- Examples of notes to the financial statements
- Discussion with participants
Results for Your Firm
- A stronger understanding of the criteria for revenue recognition and their practical application.
- Increased ability to identify and avoid common pitfalls in revenue presentation.
- Better-prepared financial statements supported by stronger documentation.
- Greater efficiency and compliance in your audit and review engagements.
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