Flagship course
Revenue Recognition Audit Lab
Financial auditing guidance for revenue recognition checks — practiced on scenarios, written into working papers, reviewed like a real file.
Overview
What you will practice
This lab is for auditors and controllers who already know the five-step model exists — and need the testing habits that survive partner review. You work through contract extracts, shipping evidence, and deferred rollforwards with commentary that mirrors Korea engagement files.
Informational fee: included in Period Desk (₩890,000 / seat) or Assurance Cohort. No checkout on this site.
Modules
Six desks, one close cycle
- Contract intake & criteria map Identify parties, rights, payment terms, and commercial substance. Produce a one-page criteria map for the file.
- Performance obligations under pressure Separate vs bundle decisions on software-plus-services and multi-deliverable hardware. Document the judgment trail.
- Transaction price & variable consideration Estimate, constrain, and update. Includes rebate and right-of-return walkthroughs common in Korean retail exporters.
- Allocation & standalone selling prices Observable vs estimated SSPs. Red flags when list price is not evidence.
- Cutoff, channel & bill-and-hold Shipping terms, warehouse holds, and channel stuffing indicators. Tickmark language for period-end.
- Deferred balances & disclosure readiness Rollforward design, remaining performance obligations narrative, and review-note defense rehearsal.
Outcomes
After the lab you should be able to
- Draft a revenue recognition memo outline with evidence mapped to assertions
- Challenge a contract modification conclusion with standard-based language
- Build a cutoff sample that addresses shipping-term risk
- Explain constraint of variable consideration to a non-specialist reviewer
- Update a deferred revenue rollforward with clear reconciling notes
- Flag when a question needs engagement partner judgment — not staff improvisation
Instructor
Lead facilitator
Soojin Han, CPA
Former senior manager on Korea-based IFRS reporting engagements for manufacturing and SaaS subsidiaries. Soojin designs Neuro Data Logic scenarios from sanitized file patterns and facilitates live clinics in the evenings (KST).
She does not provide attest services through this site; facilitation is educational only.
From alumni
“The Allocation & SSP module caught a habit we had of accepting list price without challenge. Took two evenings to finish; denser than I expected.”
Yuri N. · Seoul
“Useful for deferred rollforwards. I still needed my firm’s industry guide for construction long-term contracts — the lab flags that as out of depth, which I appreciated.”
Client in construction · anonymous
FAQ
Before you enroll
You should know the five steps at a conceptual level. The lab assumes you have seen a revenue workpaper before. Absolute beginners should start with Ledger Brief first.
Yes — a dedicated appendix contrasts K-IFRS presentation habits and common local review comments. It is not a full Korea GAAP certification course.
We do not cover industry-specific models in depth for construction percentage-of-completion nuances, crypto consideration, or insurance contracts. If your book is dominated by those, this lab alone will leave gaps — we say so in Module 1 so you can plan additional firm training.
Period Desk includes two 90-minute clinics. Bring sanitized questions only — no client names or unreleased numbers. Sessions run on Zoom-compatible links scheduled in KST evenings.