Programme ObjectiveFull 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.
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 implementationUnderstand 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 companiesWhat are companies doing now to implement the new requirementsUpdates after the release of the standards Training MethodologyClassroom style with quizzes, case studies and simulations Closing Date for Registration1 week before programme or until full enrolment
Finance professionals (Accounting, Reporting), CFO, Controllers, Finance Managers
Category 1 = 7.00 Hours
31 May 2019 (9:00 AM - 5:00 PM)
Registration is closed
24 Oct 2018 (9:00 AM - 5:00 PM)
03 May 2018 (9:00 AM - 5:00 PM)
For Members: $ 550.00 For Non-Members: $ 630.00
Marina One, East Tower 7 Straits ViewLevel 12, Quality Room, #12-839Marina One, East TowerSingapore 018936
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