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Revenue from
Contracts with
Customers
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Introduction
The concept
of income
is cruicial
to the entities
financial performance and is half of determining and organisation's
profitability. The treatment of revenue is particularly important when
recognising income; revenue being income that is derived from an
organisation's everyday operating activities. Revenue recognition is a
hot topic as the amounts involved are often large and have significant
impact on the overall profitability or otherwise of an entity.
As well as helping you to make sound judgements in general on revenue
and revenue recognition, this course will also enable you
to apply the detailed rules in particular situations, such as accounting for
construction contracts.
Objectives
This seminar will enable you to:
* Understant the basic foundation of principles of how to deal with
income
* Consider how you need to recognise revenue and other forms of
income in the financial statement
* Understand the basics of IAS-11 on Construction Contracts to help
the transition when IFRS-15 replaces it
Course description
IASB and IFRIC project updates
IFRS 15 revenue from contracts with customers (including the
clarifications amendments)
Objective, Scope & Key Definations
Specific Considerations Apply to Revenue
How Should Revenue earned at a point in time or over a
point of time
5 Steps Approach recognising Revenue.
Variable Consideration under IFRS15
Industry Specific examples.
Impact of IFRS 15 over IAS 11
Training material
Training Methodology:
Registration form
IFRS 15 Seminar
MAURITIUS
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Registration fee
Payments
An invoice with all payment details will be sent upon receipt of registration
form. Payment must be received in full prior to the commencement of
the course.
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