IFRS 15 & ASC 606 CPE Self-Study Course — RevLucid
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CPE Self-Study Course

IFRS 15 & ASC 606
Revenue Recognition

The complete CPE course for SaaS and AI finance teams. Master the 5-step model with real-world scenarios, case studies, and interactive practice tools.

6
Modules
4h
Est. Total Time
60
Flashcards
18
Quiz Questions
Start Module 1 — Free
No signup required · Self-paced · NASBA CPE accreditation in progress
Educational content only. This course is for informational purposes and does not constitute professional accounting, legal, or financial advice. Always consult a qualified CPA or auditor for specific accounting decisions. RevLucid is not affiliated with IFRS Foundation, FASB, or NASBA.
Course Curriculum
01

Foundations of Revenue Recognition

Why revenue recognition matters, the evolution from IAS 18/ASC 605 to IFRS 15/ASC 606, an overview of the 5-step model, and key terminology. Includes SaaS and AI-specific scenarios.

40 min 10 flashcards 3 quiz questions Available now
02

Step 1 — Identify the Contract

The 5 criteria for contract existence, contract combinations, modifications, and 4 real SaaS/AI/API scenarios. Includes Salesforce and HubSpot SEC filing case studies.

45 min 10 flashcards 3 quiz questions Available now
03

Step 2 — Identify Performance Obligations

What makes a promise distinct, bundled vs. unbundled deliverables, series guidance, and SaaS-specific examples including HubSpot and Adobe case studies.

40 min 10 flashcards 3 quiz questions Available now
04

Step 3 — Determine the Transaction Price

Variable consideration, the constraint principle, significant financing components, and noncash consideration — with worked examples from usage-based SaaS and AI success fees.

45 min 10 flashcards 3 quiz questions Available now
05

Step 4 — Allocate the Transaction Price

Standalone selling price estimation methods (adjusted market, cost-plus, residual), relative SSP allocation mechanics, discount allocation exceptions, and variable consideration in SaaS & AI bundles.

40 min 10 flashcards 3 quiz questions Available now
06

Step 5 — Recognize Revenue

Over-time vs. point-in-time recognition (3 criteria), input and output progress methods, usage-based royalty exception, functional vs. symbolic licenses, and Salesforce & Zoom case studies.

45 min 10 flashcards 3 quiz questions Available now
What’s included
🃏

Flashcard Drills

60 term-definition pairs across all modules. Click to flip, drill until you know them cold.

Scenario-Based Quizzes

18 multiple-choice questions that test judgment, not memorization. Detailed explanations for every answer.

🌲

Decision Trees

Visual flowcharts you can use as quick-reference tools when reviewing actual contracts.

📊

Real Case Studies

Salesforce and HubSpot 10-K disclosures analyzed through the IFRS 15 / ASC 606 framework.

🏢

SaaS & AI Focus

Click-through ToS, enterprise MSAs, usage-based APIs, AI training contracts — not generic examples.

🎓

CPE Credit (Pending)

NASBA accreditation submission in progress. All learning objectives and assessments are CPE-ready.

Start with Module 1 — free

No account required. Learn at your own pace.

Begin Foundations