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Revenue Recognition: IFRS 15 & ASC 606 Five-Step Model in Excel
Performance obligations, variable consideration and the constraint, SSP estimates and allocation, over-time revenue with cost-to-cost, a monthly software schedule, contract balances, modifications and principal vs agent: 8 labs on one technology company.
- One-time payment
- 14-day money-back guarantee
- Secure checkout with Stripe
What you'll build
What you will be able to do
Each lab ends with a concrete result that you build yourself and the checker confirms, cell by cell.
- Walk through a Brightline Systems contract with Northgate Retail, decide which promises are separate performance obligations and when each is satisfied, and count them.
- Estimate the uptime bonus with the expected value, the go-live bonus with the most likely amount, and apply the constraint to set the transaction price of Northgate’s support contract.
- Estimate the stand-alone selling prices of the four obligations in the Northgate contract with three different methods, allocate the bundle price and test the residual approach.
- Recognise the revenue of a three-year custom automation project for Northgate over time, measuring progress with costs incurred while the cost estimate changes.
- Allocate a software bundle for Cobalt Pharmacy, build the 2026 revenue schedule month by month for the licence, the support and the implementation, and chart it.
- Roll Brightline Systems’ deferred revenue forward quarter by quarter, classify the Northgate project balance as a contract asset or a contract liability, and show the year in a waterfall chart.
- Account for an order of 600 more scanners by Larkspur Markets as a separate contract or prospectively, and calculate the cumulative catch-up on a change order to a construction-type project.
- Decide whether Brightline Systems is principal or agent for resold tablets and for its app marketplace, measure revenue gross or net, see the effect on the margin and record the journal.
About this course
Revenue rules become clear once you apply them to contracts line by line. This course takes you through the five steps on realistic arrangements. You identify performance obligations, estimate variable consideration and apply the constraint, and allocate the price using standalone selling prices or the residual approach. Long-term work is recognised over time with cost-to-cost progress, while a software bundle of licence, support and implementation is spread month by month. You track contract assets, contract liabilities and the deferred revenue roll-forward, handle modifications as separate, prospective or catch-up, and decide whether to report gross or net as principal or agent. Aimed at accountants, auditors, controllers and accounting students; a certificate confirms completion.
Curriculum
Course content
8 lessons · 8 labs · 2.1 h · final exam
- Unlocked when you buy the course
- Unlocked when you buy the course
- Unlocked when you buy the course
- Unlocked when you buy the course
- Unlocked when you buy the course
- Unlocked when you buy the course
- Unlocked when you buy the course
- Unlocked when you buy the course
- Final exam
Certificate
Finish with a certificate you can verify
Complete every lesson and pass the final exam to receive a certificate of completion for this course, with a unique credential ID and a public verification page.
- Names the course, your score and the date of issue
- A verification link for your CV or LinkedIn profile
- 12 questions, 75% to pass, unlimited retries.
A Tutorvo certificate confirms that you completed a course. It is not an official or professional qualification.
Before you buy
Questions about this course
Is this a subscription?
No. You pay $9.99 once for this course. There is no subscription and nothing renews automatically. Prices are in US dollars; taxes may be added where required.
What exactly do I get?
All lessons and labs of this course, the final exam and the certificate, including later updates to the course, for as long as Tutorvo offers it. Access is personal and tied to your account.
Can I get a refund?
Yes. If you are not satisfied, email hello@tutorvo.com within 14 days of buying and we refund the course in full via Stripe. The guarantee does not apply once a certificate for the course has been issued to you, or where there are signs of abuse.
When can I start?
Right after payment. Access starts immediately at your request; for consumers in the EU/EEA the statutory right of withdrawal therefore ends once access has begun, while our 14-day money-back guarantee applies regardless.
Do I need Excel or other software?
No. The labs run in a spreadsheet inside your browser on a laptop, tablet or phone. Function names and syntax follow Excel.
Is the certificate an official qualification?
No. It confirms that you completed all lessons of the course and passed its final exam. It is not an official, state-recognised or professional qualification. The name is taken from your profile when the certificate is issued.
Full details are in our Terms · hello@tutorvo.com
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