IFRS 15: Revenue from Contracts with Customers Fundamentals
This recorded one-hour length IFRS 15 – Fundamentals of Revenue from Contracts with Customers webinar will delve into the key changes to revenue recognition accounting brought about by IFRS 15. The standard could significantly change how many entities recognise revenue, especially those that currently apply industry-specific guidance.
IFRS 15: Revenue – What are the implications? Many organisations will face significant changes to the way they account for revenue under the new standard. Some will even need to change systems and processes. What is known is that all will face extensive new disclosure requirements. As a result of the transition options, impacted organisations need to work through the changes in advance of the transition date. Walk through the new revenue requirements with Serene and find out what you need to do now to prepare for the transition. Join Serene as she focuses on the practical implications of the changes and find out what you need to do to prepare for the transition.
At the end of this session, delegates will be able to:
- Identify the implications of the new revenue standard requirements and industries most impacted
- Determine the next steps required to establish the extent your organisation is impacted
- Apply the new five-step approach to apply the standard
- Implement a to-do list to ensure to help your organisation prepare for the changes.
Are you ready for the new revenue standard? Revenue is one of the most important financial reporting metrics and has a direct impact on profit. For that reason, being prepared for the application of IFRS 15 is a must. IFRS 15 will apply from 1 January 2018 and early adoption is permitted. The lengthy interim period reflects the fact that the standard’s new rules are likely to have a significant impact on a wide range of industries which will need to prepare for its implementation.
Topic: Audit & Assurance, Corporate Finance, Reporting
Sub-Topic: Finance Management, Financial Planning & Advisory, Financial Reporting
Format: Recorded Webinar
Proficiency Level: Intermediate, Advanced
CPD: 1 hours