Course Detail(A192v : IFRS 15 / FRS 115: Revenue from Contracts with Customers - An Overview (Live Webinar))
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UTAP Funding

A192v : IFRS 15 / FRS 115: Revenue from Contracts with Customers - An Overview (Live Webinar)

3.50 CPE Hours (Category 1)
Live Webinar

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Programme Objective
 
After two exposure drafts and numerous subsequent re-deliberations, the International Accounting Standards Board issued the new revenue Standard in 2014. The new standard FRS 115 Revenue from Contracts with Customers has been adopted by the Accounting Standards Council of Singapore and will replace the existing standards on revenue recognition for periods beginning 1 January 2018.
 
This course explains the standard’s underlying principles, its requirements and implications for different revenue sources, and its impact on existing accounting practices. The course also considers the judgemental areas that are critical in certain revenue situations and explains the application of FRS 115 with examples and illustrations.

Programme Outline


The scope of the course includes the following:

  • Objective of FRS 115
  • Understanding the 5-step process in FRS 115
  • Selected recognition issues
    • Identifying a separate performance obligation
    • Issues relating to performance obligations over time
  • Selected measurement issues
    • Multiple element contracts, variable consideration, time value of money and other issues relating to transaction price
  • Contract costs,contract assets and contract liabilities
  • Presentation and disclosure issues

 

Pre-requisites

Please take note of the following admission requirements:

  • Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
  • Mandatory for video camera to be turned on throughout the course
  • Display your official name (as per NRIC) in Zoom, to facilitate attendance taking

 

Training Methodology
 
Lecture style, with exercises/illustrative examples
 


Closing Date for Registration
 
1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate level programme intended for Accountants, Finance Managers, CFOs, Auditors and Analysts who want to assess the impact of this major standard on reported revenues.

Competency Mapping

Category 1 = 3.50 Hours

Schedule & Fees
Date & Time

17 Sep 2025 (1:30 PM - 5:00 PM)

Fee (inclusive of GST)


SGD pricing -

For Members: $ 226.72
For Non-Members: $ 269.23


Programme Facilitator(s)

Dr Pearl Tan

Venue

Online Classroom in or outside of
Singapore
Date & Time

12 Dec 2025 (1:30 PM - 5:00 PM)

Fee (inclusive of GST)


SGD pricing -

For Members: $ 226.72
For Non-Members: $ 269.23


Programme Facilitator(s)

Dr Pearl Tan

Venue

Online Classroom in or outside of
Singapore

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.
 
To find out more on the UTAP funding and support validity period please click here.

Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

 

Programme Facilitator(s)


Dr Pearl Tan
Adjunct Associate Professor in Accounting (Education)
Singapore Management University

Dr Pearl Tan, Adjunct Associate Professor in Accounting at Singapore Management University (SMU) has extensive experience in teaching and developing courses on advanced topics in financial accounting. Dr Tan had won a number of teaching awards in SMU and Nanyang Technological University (NTU). Dr Tan has an active interest in the IFRS and provides feedback to policy-making bodies.  She has co-authored two books on IFRS that are used by a number of Asian universities. Dr Tan served on the inaugural Learning and Assessment Committee of the Singapore Qualification Programme and was a member of the Advisory Committee for Accounting Standards for Statutory Boards, and the Financial Reporting Committee of the Institute of Singapore Chartered Accountants (ISCA). She was awarded the Public Administration Medal (Bronze) in 2015.

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Programme Objective
 
After two exposure drafts and numerous subsequent re-deliberations, the International Accounting Standards Board issued the new revenue Standard in 2014. The new standard FRS 115 Revenue from Contracts with Customers has been adopted by the Accounting Standards Council of Singapore and will replace the existing standards on revenue recognition for periods beginning 1 January 2018.
 
This course explains the standard’s underlying principles, its requirements and implications for different revenue sources, and its impact on existing accounting practices. The course also considers the judgemental areas that are critical in certain revenue situations and explains the application of FRS 115 with examples and illustrations.

Programme Outline


The scope of the course includes the following:

  • Objective of FRS 115
  • Understanding the 5-step process in FRS 115
  • Selected recognition issues
    • Identifying a separate performance obligation
    • Issues relating to performance obligations over time
  • Selected measurement issues
    • Multiple element contracts, variable consideration, time value of money and other issues relating to transaction price
  • Contract costs,contract assets and contract liabilities
  • Presentation and disclosure issues

 

Pre-requisites

Please take note of the following admission requirements:

  • Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
  • Mandatory for video camera to be turned on throughout the course
  • Display your official name (as per NRIC) in Zoom, to facilitate attendance taking

 

Training Methodology
 
Lecture style, with exercises/illustrative examples
 


Closing Date for Registration
 
1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate level programme intended for Accountants, Finance Managers, CFOs, Auditors and Analysts who want to assess the impact of this major standard on reported revenues.

Competency Mapping

Category 1 = 3.50 Hours

Programme Facilitator(s)

Dr Pearl Tan
Adjunct Associate Professor in Accounting (Education)
Singapore Management University

Dr Pearl Tan, Adjunct Associate Professor in Accounting at Singapore Management University (SMU) has extensive experience in teaching and developing courses on advanced topics in financial accounting. Dr Tan had won a number of teaching awards in SMU and Nanyang Technological University (NTU). Dr Tan has an active interest in the IFRS and provides feedback to policy-making bodies.  She has co-authored two books on IFRS that are used by a number of Asian universities. Dr Tan served on the inaugural Learning and Assessment Committee of the Singapore Qualification Programme and was a member of the Advisory Committee for Accounting Standards for Statutory Boards, and the Financial Reporting Committee of the Institute of Singapore Chartered Accountants (ISCA). She was awarded the Public Administration Medal (Bronze) in 2015.

Upcoming Schedule

Date & Time

17 Sep 2025 (1:30 PM - 5:00 PM)
Fee (inclusive of GST)


SGD pricing -

For Members: $ 226.72
For Non-Members: $ 269.23


Programme Facilitator(s)

Dr Pearl Tan

Venue

Online Classroom in or outside of
Singapore


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