Accounting & Analytics · Financial Accounting

RevRec: Revenue Recognition — IFRS 15 / ASC 606 Contract Analysis Lab

Interactive exercise where students apply the 5-step revenue recognition model to 8 increasingly complex contracts, identifying performance obligations, allocating transaction prices, and determining recognition timing under IFRS 15 and ASC 606.

8 rounds Executive English, Español
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Who it is for

An advanced simulation for participants used to working with the main frameworks and trade-offs of the subject, designed for executive education and experienced professionals.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 8 rounds. In each one they submit their decisions and the simulation calculates the results.
  3. The simulation can be run in English, Español.
  4. The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.

Decisions participants make

The decisions participants make during the simulation:

  • Number of Performance Obligations
  • Primary Obligation Recognition Pattern
  • Revenue Allocated to Primary Obligation (€)

What participants track

What participants follow on screen as the rounds go by:

  • Contract Scenario

Subjects covered

Designed for courses in Financial Accounting.

  • Revenue Recognition (IFRS 15 / ASC 606)

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