IFRS 15 and 16 - Revenue from contracts with customers and the new leases standard

18 December 2018
Online, Glasgow, Edinburgh

Face-to-face course

Member price: £144.50 + VAT

Non-member price: £170 + VAT

Please note, the ICAS member discount will be applied after checkout.

Glasgow, 23 May 2019
Edinburgh, 7 November 2019

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Online Classroom Live course 

This course is also available as two Online Classroom Live (OCR Live) courses, giving you greater flexibility and choice as to how you learn. There are two sessions (one for IFRS 15 and one for IFRS 16) and you can book either or both.

Our expert presenters will deliver the same course content but it is offered through an online environment, in two 3-hour bite-size evening or afternoon sessions.

Price: £170 + VAT per session
Time: 1:00pm – 4:00pm, with the exception of IFRS 16 in December which is 5:00pm – 8:00pm

Click on the button to see a five-minute explanatory video of the OCR Live platform and to book your place.

OCR Live IFRS 15 course, 18 December 2018

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OCR Live IFRS 16 course, 18 December 2018

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OCR Live IFRS 16 course, 14 February 2019

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What you will learn

This course gives an update on two recent IFRSs – IFRS 15 Revenue from Contracts with Customers and IFRS 16 Leases.

IFRS 15 comes into effect for accounting periods beginning on or after 1 January 2018. The IFRS contains special transitional implementations and exemptions. Learn how to identify changes to reporting requirements, practical tips on how to take advantage of implementation exemptions, and obtain guidance on a number of practical problem areas.

On 13 January 2016, the International Accounting Standard Board issued a new accounting standard, called IFRS 16 - Leases. This standard replaces accounting requirements which were introduced over thirty years ago. It is a major revision of the way in which companies account for leases, specifically lessees. The new standard is formed after multiple rounds of public consultation and has been part of collaborations with the US Financial Accounting Standards Board (FASB). The course will cover the current accounting requirements under IAS 17 and then consider the accounting for such transactions under the new lease standard.

Who should attend

This specialised course is aimed at auditors, finance directors, financial controllers and financial accountants who are dealing with IFRS or preparing for it.

Full speaker list


Our group of presenters have worked across both the private and public sectors within external audit, financial accounting, management accounting and internal audit. They have experience both working in these fields and delivering seminars in the areas of governance, risk, value for money and fraud to managers with a broad range of backgrounds (financial and non-financial).

View full event details



  • Comparison with current IFRS
  • The core principle of the IFRS and the five key steps required
  • Identifying the contract(s) with a customer
  • Identifying the performance obligations in the contract
  • Determining the transaction price
  • Allocating the transaction price to the performance obligations in the contract
  • Recognising revenue when (or as) the entity satisfies a performance obligation
  • Application Guidance and Implementation Guidance
  • Transitional provisions and exemptions
  • Real life examples of the impact of adopting IFRS 15


  • Understanding of current accounting
  • Scope and scope exclusions
  • Lessee accounting under the IFRS 16 - Leases
  • Key terminology explained
  • Differences to current accounting treatment
  • Practical considerations for implementation


Online, Glasgow, Edinburgh


Tel: 0330 060 3303
Email: ldicas@bpp.com


  • Audit and Assurance
  • Online learning
  • Scotland
  • Training courses
  • Edinburgh
  • Glasgow and West

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