wconsulting.mu

Application of IFRS 15 to the construction industry
Venue Online - Microsoft Teams
Date Thursday 25th September 2025
Time 09:30 - 12:30
Information This session should allow the delegates to understand the key requirements of IFRS 15 in the context of the construction industry. The following aspects will be looked at:

  • A quick overview at the principles of recognition of revenue under the ‘5-step’ Model:

    - Identification of contracts
    - Identification of performance obligations
    - Determination of transaction price
    - Allocation of the price to performance obligations
    - 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

  • The implications of IFRS 15 on long-term contracts

  • Accounting implications for contract modifications

  • Contract with variable consideration
    • Presenter Sanat Bheeroo
    CPD Units 3 units on full attendance
    Seats Left 5
    Price Rs 5000
    Booking Deadline Thursday 25th September 2025
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