Online Training - International Financial Reporting Standards Series: IFRS 15(Part 1)

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  • Title：Online Training - International Financial Reporting Standards Series: IFRS 15(Part 1)
  • Organizer：Professional Committee of Accountants
  • Co-organizing Unit(s)：The Macau Productivity & Technology Transfer Center (CPTTM) , The Association of Chartered Certified Accountants (ACCA)
  • Fee(s)：Free
  • Date & Time：2021/06/17 19:00 - 20:30
  • Venue：N/A(online training)
  • Status：Expired
  • Reg. period：2021/06/01 09:00 - 2021/06/10 18:00
  • Website：https://events.cpttm.org.mo/seminar/134
  • Target Participants：Certified Accountants who registered at Professional Committee of Accountants and accounting practitioners
  • Introduction

    IFRS 15: Revenue from Contracts with Customers introduces complexity and creates significant changes in the timing and measurement of revenue recognition in different industries. This standard moves away from a revenue recognition model that is based on an “earnings process” by the entity selling goods and services to one that is based on transfer of control of goods and services from the perspective of the customers.  As the standard requires entities to make more judgements and estimates, financial professionals need to thoroughly understand the application requirements to allow them to properly handle its impact on entities’ financial statements, business processes and internal controls over financial reporting.

    The speaker will use cases and examples to illustrate the following concepts:

    • 5-step model : principles and examples sharing
    • Contract Modification
    • Contract Assets vs Contract liabilities
    • Combining vs unbundling contracts

  • Registration Method

    Register Online：https://events.cpttm.org.mo/seminar/134

    Priority consideration is given to certified accountants registered at Professional Committee of Accountants.

    Registration procedure : 1.Register , 2.Review and Approval. Admitted participants will receive a notification e-mail.

  • Notes

    • Upon acceptance the enrollment, it is non-transferable. Organizer reserve the rights to cancel the training and amend the terms and conditions
    • Upon completion of training, participants will be awarded a Joint Certificate of Attendance issued by Professional Committee of Accountants, the Macau Productivity & Technology Transfer Center (CPTTM) and The Association of Chartered Certified Accountants (ACCA).