12. Revenue Recognition

In this section

• Fundamental Principles of Revenue Recognition
  Explore the core criteria for recognizing revenue in Canadian accounting, focusing on IFRS 15 and ASPE standards.
• IFRS 15: Revenue from Contracts with Customers
  Explore IFRS 15's five-step model for revenue recognition in Canadian accounting, including practical examples and compliance insights.
• Identifying Performance Obligations in Revenue Recognition
  Understanding how to determine distinct goods or services in contracts under IFRS 15 for Canadian Accounting Exams.
• Transaction Price Determination in Canadian Accounting
  Explore the intricacies of transaction price determination in Canadian accounting, focusing on IFRS 15 and ASPE guidelines for accurate revenue recognition.
• Revenue Recognition over Time vs. Point in Time
  Master the principles of revenue recognition over time versus point in time, crucial for Canadian accounting exams and professional practice.
• Variable Consideration and Refund Liabilities in Revenue Recognition
  Explore the complexities of variable consideration and refund liabilities in revenue recognition under IFRS 15, tailored to the Canadian accounting context.
• Contract Costs in Canadian Accounting: Capitalization and Amortization
  Explore the intricacies of capitalizing and amortizing contract costs in Canadian accounting, focusing on IFRS 15 compliance and practical applications.
• Disclosure Requirements for Revenue in Canadian Accounting
  Explore the comprehensive disclosure requirements for revenue in Canadian accounting, focusing on IFRS and ASPE standards, practical examples, and exam preparation tips.
• Revenue Recognition: Licensing, Warranties, and Principal vs. Agent
  Explore the complexities of revenue recognition in licensing, warranties, and principal vs. agent scenarios in Canadian accounting.