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This course offers a comprehensive exploration of advanced topics in revenue recognition and reporting, as outlined in Section 3400 of the accounting standards. It delves into various aspects such as identifying units of account, multiple-element arrangements, the percentage of completion method, bill and hold arrangements, and upfront non-refundable fees or payments. Additionally, the course covers best practices for capital financing and the latest updates in Canadian capital markets, including inflation concerns, the prime rate, and proposed excessive interest and financing limitation rules. Topics Overview: 1. Identifying Units of Account: Understanding segmentation of revenue contracts and handling multiple deliverables. 2. Multiple-Element Arrangements: Techniques for allocating arrangement consideration and estimating stand-alone selling prices. 3. Percentage of Completion Method: Principles for revenue recognition, contract costs, and loss handling. 4. Bill and Hold Arrangements: Criteria for revenue recognition in specific circumstances. 5. Up-front Non-refundable Fees/Payments: Guidelines for recognizing revenue from upfront fees. 6. Canadian Capital Markets Update: Insights into inflation, prime rates, and financing strategies. 7. Excessive Interest and Financing Limitation Rules: Understanding the proposed EIFEL rules and their implications.