Course Detail(A257ET : FRS 115 – Revenue from contracts with customers: Practical Application)

A257ET : FRS 115 – Revenue from contracts with customers: Practical Application NEW

3.50 CPE Hours (Category 1)
Classroom
In Collaboration with:  

Programme Objective

Half day training to give participants closer look on the implications of IFRS 15 across the business. Offers a deeper appreciation of the five step revenue model and provide actual implementation challenges encountered in practice and how these are being dealt with.

Programme Outline

IASB and FASB issued their long-awaited converged standard on revenue recognition. Almost all entities will be affected to some extent by the significant increase in required disclosures. But the changes extend beyond disclosures, and the effect on entities will vary depending on industry and current accounting practices. Entities will need to consider changes that might be necessary to information technology systems, processes, and internal controls to capture new data and address changes in financial reporting.

This half- day workshop provides deeper insights and practical tools to increase the participant’s understanding of the new requirements in IFRS 15. Learning is achieved via theory and examples from our experience advising companies on changes required in order to meet the IFRS 15 requirements. Additionally, participants will gain insights into real world examples, common issues and pitfalls from experienced professionals who are practicing in PwC.

  • In depth learning of the new five step approach to apply the standard
  • Understand the solutions to common questions, such as:
    • How will I unbundle performance obligations in a multiple service arrangement?
    • How will I evaluate the impact of contingencies on my revenue arrangements?
    • How will the guidance impact the revenue recognition pattern?
    • How do we establish and document estimates, including predictive experience?
    • How will the changes in disclosures create incremental data needs and increased investor scrutiny?
  • Common challenges experienced by companies
  • Practical insights: How companies around the world are coping?

Training Methodology
Classroom style with quizzes, case studies and simulations

Closing Date for Registration
1 week before programme or until full enrolment.
 

Intended For

Finance professionals (Accounting, Reporting), CFO, Controllers, Finance Managers

Competency Mapping

Category 1 = 3.50 Hours

Schedule & Fees

Date & Time

10 Mar 2020 (2:00 PM - 5:30 PM)

Fee (inclusive of GST)

For Members: $ 250.00
For Non-Members: $ 275.00

Programme Facilitator(s)

Senthilnathan Sampath
Wu Di

Venue

Marina One, 7 Straits View,
East Tower,
Singapore 018936

Date & Time

06 Oct 2020 (2:00 PM - 5:30 PM)

Fee (inclusive of GST)

For Members: $ 250.00
For Non-Members: $ 275.00

Programme Facilitator(s)

Senthilnathan Sampath
Wu Di

Venue

Marina One, 7 Straits View,
East Tower,
Singapore 018936

Date & Time

31 Oct 2019 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Senthilnathan Sampath
Wu Di

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Senthilnathan Sampath
Managing Director
 
Senthil is a Managing Director from the Accounting Advisory Services in PwC Singapore with 16 years working experience. He has extensive practical experience across complex IFRS financial reporting. He specializes in GAAP conversions and technical accounting advice and has worked on accounting conversions with various corporate and financial institutions in Asia, Middle East and United Kingdom.
 
He serves as the key technical director for a number of assurance engagements in the financial services sectors: banks, insurance companies and fund managers. He also performs various training on current accounting topics, and has experience designing and managing highly participative programs on IFRS training.
 

Wu Di
Manager
 
Wu Di is a manager from the Accounting Advisory Services practice in PwC Singapore,
specialising in revenue recognition and lease accounting. She has knowledge and experience working on projects pursuant to the existing IAS 18/IAS 17 and the new IFRS 15/IFRS 16 across various industries including the technology, construction, shipping and media sectors. She currently manages various implementation projects involving contract reviews, quantification of impact and implementation/transition support

Prior to her role in Accounting Advisory Services, she was with PwC’s Assurance
practice leading a number of external audit and assurance projects for large local and
multinational clients.

Programme Objective

Half day training to give participants closer look on the implications of IFRS 15 across the business. Offers a deeper appreciation of the five step revenue model and provide actual implementation challenges encountered in practice and how these are being dealt with.

Programme Outline

IASB and FASB issued their long-awaited converged standard on revenue recognition. Almost all entities will be affected to some extent by the significant increase in required disclosures. But the changes extend beyond disclosures, and the effect on entities will vary depending on industry and current accounting practices. Entities will need to consider changes that might be necessary to information technology systems, processes, and internal controls to capture new data and address changes in financial reporting.

This half- day workshop provides deeper insights and practical tools to increase the participant’s understanding of the new requirements in IFRS 15. Learning is achieved via theory and examples from our experience advising companies on changes required in order to meet the IFRS 15 requirements. Additionally, participants will gain insights into real world examples, common issues and pitfalls from experienced professionals who are practicing in PwC.

  • In depth learning of the new five step approach to apply the standard
  • Understand the solutions to common questions, such as:
    • How will I unbundle performance obligations in a multiple service arrangement?
    • How will I evaluate the impact of contingencies on my revenue arrangements?
    • How will the guidance impact the revenue recognition pattern?
    • How do we establish and document estimates, including predictive experience?
    • How will the changes in disclosures create incremental data needs and increased investor scrutiny?
  • Common challenges experienced by companies
  • Practical insights: How companies around the world are coping?

Training Methodology
Classroom style with quizzes, case studies and simulations

Closing Date for Registration
1 week before programme or until full enrolment.
 

Intended For

Finance professionals (Accounting, Reporting), CFO, Controllers, Finance Managers

Competency Mapping

Category 1 = 3.50 Hours

Programme Facilitator(s)

Senthilnathan Sampath
Managing Director
 
Senthil is a Managing Director from the Accounting Advisory Services in PwC Singapore with 16 years working experience. He has extensive practical experience across complex IFRS financial reporting. He specializes in GAAP conversions and technical accounting advice and has worked on accounting conversions with various corporate and financial institutions in Asia, Middle East and United Kingdom.
 
He serves as the key technical director for a number of assurance engagements in the financial services sectors: banks, insurance companies and fund managers. He also performs various training on current accounting topics, and has experience designing and managing highly participative programs on IFRS training.
 
Wu Di
Manager
 
Wu Di is a manager from the Accounting Advisory Services practice in PwC Singapore,
specialising in revenue recognition and lease accounting. She has knowledge and experience working on projects pursuant to the existing IAS 18/IAS 17 and the new IFRS 15/IFRS 16 across various industries including the technology, construction, shipping and media sectors. She currently manages various implementation projects involving contract reviews, quantification of impact and implementation/transition support

Prior to her role in Accounting Advisory Services, she was with PwC’s Assurance
practice leading a number of external audit and assurance projects for large local and
multinational clients.

Upcoming Schedule

Date & Time

10 Mar 2020 (2:00 PM - 5:30 PM)

Fee (inclusive of GST)

For Members: $ 250.00
For Non-Members: $ 275.00

Programme Facilitator(s)

Senthilnathan Sampath
Wu Di

Venue

Marina One, 7 Straits View,
East Tower,
Singapore 018936