Revenue Recognition Under IFRS 15 - Two day workshop

IFRS 15 ‘Revenue From Contracts With Customers’ is effective for reporting periods starting on or after 1 January 2018. IFRS 15 provides the principles to follow when deciding when to recognise revenue and how much revenue to recognise, apart from the information about revenue that entities should disclose in the financial statements. This six-hour seminar, split in two sessions, will first tackle the overall impact of IFRS 15 including the reasons behind its advent. The standard contains an important 5-step process. For each step, significant considerations may need to be made. The seminar will provide numerous examples illustrating how to tackle each step of the five-step process. In the second session, several practical situations, for which guidance has been included in IFRS 15, shall be covered.

Audience:                          

The training course is specifically targeted to accounting professionals and students, especially those who are pursuing or intend to pursue a career in audit, accountancy or IFRS expertise.

Keynote:                            

Participants are expected to have a solid understanding of basic accounting concepts, including double entry and basic financial reporting.

Course Agenda:

• Reporting revenue: a conceptual and chronological understanding
• The Five-Step Process Prescribed By IFRS 15
• IFRS 15 Implications On Practical Situations
• Presentation and Disclosure Under IFRS 15
• Transition To IFRS 15

Dates:

Day 1 – Friday 20th November 2020

Day 2 – Wednesday 25th November 2020

Times for Day 1 & Day 2:

14:00hrs – 17:15hrs

CPE Accreditation:

6 core hours

Tutors:

John Debattista and Paul Zammit