As the UK emerges from lockdown, generating revenue is likely to be the main priority for many businesses, who may be prepared to go to extra lengths to secure sales. Accountants and auditors will therefore need to pay close attention to how revenue is treated in the accounts.

This module will start by reminding subscribers of the key accounting treatment for revenue under FRS 102. It will then move on to consider how Covid-19 may impact the accounting and auditing of revenue.

By completing this module on Covid-19 revenue considerations for accountants and auditors, you will:

• be reminded of the scope of FRS 102, Section 23 and the key principles underpinning the measurement of revenue;
• understand the key accounting treatment for the sale of goods and services under FRS 102;
• consider the ways Covid-19 may have affected the financial reporting of revenue; and
• be aware of the key risks when auditing revenue and consider how to gain sufficient and appropriate evidence during Covid-19.

This CPD module takes 20 minutes to complete and is followed by a short quiz to ensure thorough learning. There are also detailed course notes to ensure a full learning experience. Any CPD learning is also automatically added to Your CPD Tracker.

The CPD course lecturer is Kate Beeston ACA, a technical writer in audit & accounting at Croner-i

Play the CPD module here

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