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IFRS 15 - Revenue from Contracts with Customers
Venue Online - Microsoft Teams
Date Thursday 6th March 2025
Time 09:30 - 12:30
Information In the session we will look at the requirements of IFRS 15 in terms of the following aspects:

  • Recap on the principles of recognition of revenue under the ‘5-step’ Model:

    (a) Identification of contracts
    (b) Identification of performance obligations
    (c) Determination of transaction price
    (d) Allocation of the price to performance obligations
    (e) Recognition of revenue when/as performance obligations are satisfied.

  • The acceptable methods for measuring progress towards complete satisfaction of a performance obligation.

  • The criteria for the recognition of contract costs. The recognition of contract assets and contract liabilities

  • Applying the principles of recognition of revenue and consider the accounting for the following:

    1. Bill and hold arrangements
    2. Sales with a right of return
    3. Consignment agreements

    MQA Approval under Process
  • Presenter
    CPD Units 3 units on full attendance
    Seats Left 20
    Price Rs 5000
    Booking Deadline Thursday 6th March 2025
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