A practical look at IFRS 15 Venue Hennessy Park Hotel Ebene Date Thursday 18th August 2022 Time 09:30 - 12:30 Information In this session we will look at the requirements of IFRS 15 with the impact of the ‘5-step model’ on real life scenarios in various industries with a brief analytical look on the Mauritian income tax implications of the Standard. In this session we will look at the following aspects of IFRS 15: a) The “5-Step Model” in the revenue recognition process i. Step 1 – Identify the contract with the customer ii. Step 2 – Identify the performance obligations iii. Step 3 – Determine the transaction price iv. Step 4 – Allocate the transaction price with the performance obligations v. Step 5 – Recognition of revenue b) Modifications of contract c) Customer loyalty programmes d) Contract costs e) Principal v agent f) Sale with a right of return g) Tax treatment (Under Mauritian’s Income Tax Act) arising from the adoption of IFRS 15. Presenter Sanat Bheeroo CPD Units 3 units on full attendance Seats Left 12 Price Rs 4000 Booking Deadline Thursday 18th August 2022 Map View Map