UTAP Funding
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 IFRS 15/FRS 115 has been effective from January 1, 2018 and continues to present challenges with regard to implementation of this standard. This seminar will focus on issues that are emerging in the post implementation period in relation to critical concepts including the timing of revenue recognition, determination of distinct performance obligations, and the allocation of consideration received. It will also address complex issues including payments to customers, the principle/agent distinction and accounting for licenses. The seminar will also cover examples of presentation and disclosure to illustrate how entities are addressing requirements related to disaggregation, segments and policies.
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
IFRS 15/FRS 115 has been effective from January 1, 2018 and continues to present challenges with regard to implementation of this standard. This seminar will focus on issues that are emerging in the post implementation period in relation to critical concepts including the timing of revenue recognition, determination of distinct performance obligations, and the allocation of consideration received. It will also address complex issues including payments to customers, the principle/agent distinction and accounting for licenses. The seminar will also cover examples of presentation and disclosure to illustrate how entities are addressing requirements related to disaggregation, segments and policies.
Revenue Recognition Concepts Identifying the contractSeparating the performance obligationsWhat makes a performance obligation distinct?Determining the transaction priceHow is the consideration measured and allocated over performance obligations?What determines the pattern of recognition? Complex Issues in Practice Payments to customers – rebates, penalties, refunds, and warrantiesPrincipal versus Agent treatmentLicensesConstruction contracts Presentation and Disclosure ExamplesTerminology used in reportingDisaggregation of revenue items Segments of revenueAccounting policies Pre-requisitesPlease take note of the following admission requirements:Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsoryMandatory for video camera to be turned on throughout the courseDisplay your official name (as per NRIC) in Zoom, to facilitate attendance taking Training MethodologyLecture style with Examples Closing Date for Registration1 week before programme or until full enrolment
Revenue Recognition Concepts
Complex Issues in Practice
Presentation and Disclosure Examples
Pre-requisites
Please take note of the following admission requirements:
Training MethodologyLecture style with Examples Closing Date for Registration1 week before programme or until full enrolment
An Intermediate level programme intended for accounting and finance professionals. Those who are keen on attending a course on accounting for FRS115: Revenue from Contracts with Customers are welcome to attend.
Category 1 = 7.00 Hours
30 Aug 2024 (9:00 AM - 5:00 PM)
For Members: $ 318.28 For Non-Members: $ 382.59
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
Thomas EganTom is a member of ISCA, as well as ACCA, CPA Australia and is a licensed US CPA. He had served on a number of committees related to accounting standards, financial reporting, and XBRL. He has extensive experience related to accounting for financial instruments gained through the past 18 years in technical accounting roles with a Big 4 firm and an international bank and is currently the accounting advisor to the airline industry for implementation of IFRS 9, Financial Instruments, IFRS 15, Revenue and IFRS 16, Leases. He holds a Masters degree in accounting from the University of Wisconsin - Madison and a Postgraduate Diploma in Strategic Finance from the University of Oxford.
Online Classroom in or outside ofSingapore
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29 Apr 2024 - 29 Apr 2024