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7
UNITS

Webinar | ACCA

Revenue recognition: a deep dive into IFRS 15 (a case study approach)

IFRS 15 transforms accounting for revenue recognition and measurement by establishing a single, principles-based framework applicable across industries and jurisdictions

Overview

Corporate building

The standard addresses the complexities of revenue recognition by providing a robust and consistent methodology for approaching diverse forms of contracts with customers, thereby fostering a more accurate and consistent presentation of an entity's financial performance.

It also introduces a five-step model that guides entities through the process of identifying, evaluating, and recognising revenue arising from contractual agreements with customers. A core feature of the standard is the requirement to recognize revenue when an entity’s performance obligation is satisfied, and the customer obtains control of the goods or services being provided. Additionally, the standard enhances disclosures about an entity’s performance, providing greater transparency for users of financial statements

  • Understanding the general principles: explaining the key principles and concepts of the standard while developing the skills needed to navigate its technical requirements
  • Case-driven approach: explaining the technical requirements of the Standard by using practical real-world case studies and illustrations
  • Develop practical application skills: equip participants with the ability to apply IFRS 15 principles to a wide range of revenue recognition scenarios
  • Enhance decision-making abilities: enable participants to analyae and resolve revenue recognition issues effectively in complex contractual arrangements
  • Interpret the five-step model: offer in-depth guidance on interpreting and applying the five-step revenue recognition model across various industries
  • Promote consistent practices: foster consistency in revenue recognition practices across teams and departments within an organisation
  • Applying agenda decisions: Raising awareness of the importance of agenda decisions and providing guidance on how to effectively apply them when implementing the standards.

Danny Tan Boon Wooi, FCCA

Danny is a consultant providing continuing professional development training for the accountancy profession as well as providing consultancy services on financial reporting technical matters. He has over 35 years of experience in public practice, commerce, and industry. He was trained and qualified as a professional accountant with a firm in London. Danny conducts courses in IFRS and IPSAS in Europe, the Middle East, and Asia Pacific.

Danny holds an Honours Degree in Economics (major in finance and investment) from Manchester Metropolitan University (UK), an MBA from Heriot-Watt University (UK) and a Master in Advance Business Practice from the University of South Australia. He is a fellow member of The Chartered Institute of Management Accountants, and The Association of Chartered Certified Accountants. He is also a member of The Institute of Singapore Chartered Accountants, the Malaysian Institute of Accountants and an associate member of the Chartered Tax Institute of Malaysia.

CPD units

Attendance at this session will earn you 7 CPD units. A CPD certificate will be sent to you by email within 3 business days after you complete this online workshop.

Pricing and booking information

Price

Member 432 MYR

Affiliate 465 MYR

Approved employer 520 MYR

Student 465 MYR

Public 595 MYR

Location

Malaysia

Date & time

24 February 2025

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