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Power BI

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Unlock the Power of Data with Power BI

In today’s rapidly evolving business environment, even if you’re not currently using Business Intelligence (BI) systems, it’s only a matter of time before they become essential to your role as a finance professional. BI tools offer unparalleled efficiency, transforming complex data into actionable insights at the click of a button. As businesses increasingly rely on data-driven strategies, mastering BI systems will not only streamline your reporting and analysis tasks but also enhance your ability to make informed, strategic decisions. Investing in BI skills now prepares you for the future, ensuring you stay ahead in a data-centric world where efficiency, accuracy, and deeper insights are key to success. Our Introduction to Power BI course is specifically designed for professionals looking to enhance their data analytics skills. This course offers practical, real-world applications using a business case
approach, ensuring that you not only learn the theory but also gain hands-on experience in solving finance-related challenges.

Course Outline

Contract Modifications:

Accounting for contract modifications, including when to treat modifications as
separate contracts or as part of the existing contract.

Adjusting the transaction price and performance obligations for contract
modifications, particularly in long-term contracts.

Identification of Performance Obligations

Determining distinct performance obligations in contracts with multiple goods or services.

Complexities in bundling or unbundling services and goods, especially in industries with bundled offerings (e.g., telecom, software).

Variable Consideration and Constraint

Estimating variable consideration, including discounts, rebates, and performance bonuses, and determining the impact on revenue recognition.

Applying the constraint on variable consideration to avoid significant revenue
reversals.

Significant Financing Component:

Identifying and accounting for significant financing components in contracts,
particularly in situations where payment terms exceed a year.

Adjusting revenue for the time value of money, which adds complexity to the
transaction price.

Costs to Obtain or Fulfil a Contract:

Identifying and capitalizing incremental costs to obtain a contract, and subsequent
amortization.

Assessing the impairment of capitalized contract costs, particularly for long-term
contracts.

Bill-and-Hold Arrangements:

Determining when to recognize revenue in bill-and-hold arrangements,
particularly when the customer requests delayed delivery.

Revenue Recognition Over Time vs. Poin0t in Time

Judging whether revenue should be recognized over time or at a point in time,
especially in contracts with continuous transfer of control.

Application of the criteria for revenue recognition over time, including measuring progress toward completion (e.g., cost-to-cost method).

Principal vs. Agent Considerations:

Determining whether an entity is acting as a principal or an agent in a transaction, which affects the recognition of revenue (gross vs. net).

The complexities of applying the control principle to determine the entity’s role.

Licensing and Intellectual Property (IP) Revenue:

Determining the appropriate revenue recognition method for licenses, whether over time or at a point in time.

Differentiating between a right to use and a right to access IP and dealing with complex licensing arrangements (e.g., renewals, modifications).

Contract Combinations:

Evaluating when to combine multiple contracts with the same customer, which
impacts revenue recognition and contract accounting.

Warranties and Customer Options:

Accounting for warranties, distinguishing between assurance-type and service-type
warranties.

Handling customer options for additional goods or services, particularly when
options represent material rights.

Disclosures:

Meeting the extensive disclosure requirements of IFRS 15, including disaggregating revenue, performance obligations, and judgments made.

Who Should Attend?
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Finance professionals aiming to create insightful financial reports for better decision-making.
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Managers and executives seeking to leverage financial data to drive strategic business decisions.
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Business analysts focusing on improving their financial reporting and data visualization skills.
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Business analysts focusing on improving their financial reporting and data visualization skills.

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