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…
About this simulation
Bilingual MBA simulation: a Bogotá-listed agro-industrial group consolidates four functional currencies into one set of IFRS financial statements. Determine functional currencies under IAS 21, run the IFRS 3 acquisition method on the new US arm, translate and consolidate four jurisdictions, and walk the auditor through the IAS 36 goodwill impairment test before the SuperFinanciera filing deadline.
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
- The instructor creates a session from the Eureka dashboard and invites the participants.
- Participants play 4 rounds. In each one they submit their decisions and the simulation calculates the results.
- The simulation can be run in English, Español.
- The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.