Course Detail(A193ET : IFRS 15 – Revenue from contracts with customers: A deeper dive)

A193ET : IFRS 15 – Revenue from contracts with customers: A deeper dive

7.00 CPE Hours (Category 1)
Classroom


Programme Objective

Full day training to give participants closer look on the implications of IFRS 15 across the business. Offers a deeper appreciation of the five step revenue model and provide actual implementation challenges encountered in practice and how these are being dealt with.

Programme Outline

IASB and FASB issued their long-awaited converged standard on revenue recognition. Almost all entities will be affected to some extent by the significant increase in required disclosures. But the changes extend beyond disclosures, and the effect on entities will vary depending on industry and current accounting practices. Entities will need to consider changes that might be necessary to information technology systems, processes, and internal controls to capture new data and address changes in financial reporting.
 
This full day workshop provides deeper insights and practical tools to increase the participant’s understanding of the new requirements in IFRS 15. Learning is achieved via theory and examples from our experience advising companies on changes required in order to meet the IFRS 15 requirements. Additionally, participants will gain insights into real world examples, common issues and pitfalls from experienced professionals who are practicing in PwC.

  • Learn the new five-step approach to apply the standard
  • How the new revenue recognition model impacts P&L and developing a roadmap for implementation
  • Understand the solutions to common questions, such as:
  • How do I classify a change in contract terms as modification or new contract? How to account for them?
  • How do I determine performance obligations?
  • How will I unbundle performance obligations in a multiple service arrangement?
  • How will I evaluate the impact of contingencies on my revenue arrangements?
  • How will the guidance impact the revenue recognition pattern?
  • How do we establish and document estimates, including predictive experience?
  • How will the changes in disclosures create incremental data needs and increased investor scrutiny?
  • Common challenges experienced by companies
  • What are companies doing now to implement the new requirements
  • Updates after the release of the standards
 
Training Methodology
Classroom style with quizzes, case studies and simulations
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

Finance professionals (Accounting, Reporting), CFO, Controllers, Finance Managers

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

31 May 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Senthilnathan Sampath

Date & Time

24 Oct 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Senthilnathan Sampath
Justo Jesus Namuco

Date & Time

03 May 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Senthilnathan Sampath
Justo Jesus Namuco

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Senthilnathan Sampath
Managing Director
 
Senthil is a Managing Director from the Accounting Advisory Services in PwC Singapore with 16 years working experience. He has extensive practical experience across complex IFRS financial reporting. He specializes in GAAP conversions and technical accounting advice and has worked on accounting conversions with various corporate and financial institutions in Asia, Middle East and United Kingdom.
 
He serves as the key technical director for a number of assurance engagements in the financial services sectors: banks, insurance companies and fund managers. He also performs various training on current accounting topics, and has experience designing and managing highly participative programs on IFRS training.
 

Justo Jesus Namuco
Manager, PwC Singapore


Justo Jesus Namuco (JJ) is a Manager from the Accounting Advisory in PwC Singapore with more than 7 years of working experience. He has extensive practical experience across complex IFRS financial reporting, with a focus on revenue recognition, consolidations, joint arrangements, business combinations and leasing based on the latest developments in financial reporting standards. He has helped in advising clients on accounting for complex transactions, reviews of financial statements and assessment of impact of new accounting standards.

His role in the accounting advisory focuses on driving the training initiatives of the group which includes providing customised training solutions to individual professionals and corporate clients from various industries. JJ is also currently one of the speakers in PwC Academy’s accounting and reporting public seminars and tailored IFRS training to clients.

 


Programme Objective

Full day training to give participants closer look on the implications of IFRS 15 across the business. Offers a deeper appreciation of the five step revenue model and provide actual implementation challenges encountered in practice and how these are being dealt with.

Programme Outline

IASB and FASB issued their long-awaited converged standard on revenue recognition. Almost all entities will be affected to some extent by the significant increase in required disclosures. But the changes extend beyond disclosures, and the effect on entities will vary depending on industry and current accounting practices. Entities will need to consider changes that might be necessary to information technology systems, processes, and internal controls to capture new data and address changes in financial reporting.
 
This full day workshop provides deeper insights and practical tools to increase the participant’s understanding of the new requirements in IFRS 15. Learning is achieved via theory and examples from our experience advising companies on changes required in order to meet the IFRS 15 requirements. Additionally, participants will gain insights into real world examples, common issues and pitfalls from experienced professionals who are practicing in PwC.

  • Learn the new five-step approach to apply the standard
  • How the new revenue recognition model impacts P&L and developing a roadmap for implementation
  • Understand the solutions to common questions, such as:
  • How do I classify a change in contract terms as modification or new contract? How to account for them?
  • How do I determine performance obligations?
  • How will I unbundle performance obligations in a multiple service arrangement?
  • How will I evaluate the impact of contingencies on my revenue arrangements?
  • How will the guidance impact the revenue recognition pattern?
  • How do we establish and document estimates, including predictive experience?
  • How will the changes in disclosures create incremental data needs and increased investor scrutiny?
  • Common challenges experienced by companies
  • What are companies doing now to implement the new requirements
  • Updates after the release of the standards
 
Training Methodology
Classroom style with quizzes, case studies and simulations
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

Finance professionals (Accounting, Reporting), CFO, Controllers, Finance Managers

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Senthilnathan Sampath
Managing Director
 
Senthil is a Managing Director from the Accounting Advisory Services in PwC Singapore with 16 years working experience. He has extensive practical experience across complex IFRS financial reporting. He specializes in GAAP conversions and technical accounting advice and has worked on accounting conversions with various corporate and financial institutions in Asia, Middle East and United Kingdom.
 
He serves as the key technical director for a number of assurance engagements in the financial services sectors: banks, insurance companies and fund managers. He also performs various training on current accounting topics, and has experience designing and managing highly participative programs on IFRS training.
 
Justo Jesus Namuco
Manager, PwC Singapore


Justo Jesus Namuco (JJ) is a Manager from the Accounting Advisory in PwC Singapore with more than 7 years of working experience. He has extensive practical experience across complex IFRS financial reporting, with a focus on revenue recognition, consolidations, joint arrangements, business combinations and leasing based on the latest developments in financial reporting standards. He has helped in advising clients on accounting for complex transactions, reviews of financial statements and assessment of impact of new accounting standards.

His role in the accounting advisory focuses on driving the training initiatives of the group which includes providing customised training solutions to individual professionals and corporate clients from various industries. JJ is also currently one of the speakers in PwC Academy’s accounting and reporting public seminars and tailored IFRS training to clients.

 

Upcoming Schedule

Registration is closed

Date & Time

31 May 2019 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 550.00
For Non-Members: $ 630.00

Programme Facilitator(s)

Senthilnathan Sampath

Venue

Marina One, East Tower 7 Straits View
Level 12, Quality Room, #12-839
Marina One, East Tower
Singapore 018936