IFRS 15 Revenue Recognition Workshop | GID 25008 | Sydney

Instructor Bio

Our trainers have specialist knowledge and first-hand experience in implementing the International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS), Generally Accepted Accounting Principles (USGAAP), UK GAAP, Risk management strategies, Valuations, Mergers & Acquisitions, Corporate Governance, Environmental, social, and corporate governance ( ESG) reporting, Supply Chain Management, Prudential regulations, Compliance matters (such as Basel regulations, Solvency II, Anti Money Laundering regulations and a number of other evolving regulatory matters) and a whole range of professional development programs (e.g., Negotiations Skills, Presentation Skills, Data Management, Python, Block-Chain, Digital Assets etc.)

This ensures an engaging and stimulating learning experience for professionals and senior executives, helping to ensure knowledge is retained. They understand the accounting and regulatory requirements, risk environment, industry issues and challenges, risk management strategies, financial reporting & disclosure requirements, and compliance environment. They impart their knowledge using real-life industry examples, simple and user-friendly presentations of important concepts/approaches and case studies.

Instructor for this course

Shasat Faculty

Our Partners

Our Partners in learning

Course Description

Session 1

• Introduction to IFRS 15: Background and Scope
• IFRS 15 – What has Changed and Why?
• The Five-Step Model Framework
• Group Case Studies on Identifying Contracts and Performance Obligations
• Implementation Challenges for Satisfying Performance Obligations over Time
• Group Case Studies on Measuring Progress and Sale with the Right of Return
• Impact on Different Industry Groups: Examples and Case Studies

Session 2

• Contract Costs: Direct and Indirect
• Group Case Studies on Allocating Transaction Price
• Implementation Challenges for Warranties and Customer Options
• Group Case Studies on Licensing, Consignment, and Bill-and-Hold Arrangements
• Principal vs. Agent Considerations
• Non-Refundable Upfront Fees and Customer Acceptance
• Disclosures of Disaggregation of Revenue
• Group Case Studies on Presentation in Financial Statements
• Effective Date and Transition

Real-Life Case Studies

Q&A

The course agenda provided herein is the proprietary intellectual property of Shasat. It is intended solely for the use of participants enrolled in the respective course. Any reproduction, distribution, or unauthorized use of this course agenda, in whole or in part, without the explicit written consent of Shasat, is strictly prohibited and may result in legal action.

All rights reserved. ©2024, Shasat

Why you must attend?

As a financial professional, it’s important to stay ahead of the curve when it comes to the evolving landscape of International Financial Reporting Standards (IFRS). With IFRS 15, Revenue from Contracts with Customers, now in effect, it’s crucial to have a comprehensive understanding of the new standard in order to accurately report useful information to users of financial statements.

With over 140 countries adopting IFRS as their accounting standards, it’s more important than ever to continue developing your knowledge of IFRS 15. Whether you’re implementing IFRS 15 for the first time or you’ve already implemented it, it’s essential to invest your time in learning and staying updated with changes to the standards.

Our two-day IFRS 15 Revenue Recognition Workshop has been specifically designed to equip professionals at all levels with the knowledge, skills, and experience needed to tackle the challenges of the new revenue recognition approach under IFRS 15. Led by one of the best and most experienced faculties in the world, with over 15 years of IFRS implementation experience in the European region, this workshop offers a highly interactive and practical learning experience in a classroom environment.

With limited class sizes of maximum 10 participants, you can be assured of a personalized and immersive learning experience that maximizes interaction and ensures that learning outcomes are met. Don’t miss out on this unique opportunity to develop your skills and knowledge in IFRS 15 and take your professional development to the next level. Register for our IFRS Revenue Recognition Workshop today.

Teaching methodology

The training program will employ a comprehensive and engaging approach to learning, designed to deliver maximum impact and retention. The methodology includes:

• A user-friendly slide deck that presents the concepts, methodologies, and principles in a clear and concise manner, making the material easily accessible to all attendees.
• Interactive sessions featuring real-life case studies to provide hands-on experience and bring the material to life.
• Explanations of concepts and methodologies through the use of examples and distinct scenarios, allow attendees to understand the material in context.
• Group exercises designed to illustrate accounting principles, encouraging collaboration and fostering a deeper understanding of the material.
• Discussions on IFRS vs US GAAP (ASC 606) differences, industry issues, and diversity in practices, provide attendees with a well-rounded understanding of the subject matter.
• Access to additional course material and handouts, ensuring attendees have a comprehensive reference resource to support their learning.
• An open and inclusive atmosphere that encourages attendees to ask questions and engage in discussion, ensuring a thorough understanding of the material.

The combination of these elements creates a dynamic and engaging learning experience that will support the professional development of all attendees.

Who should attend?

The IFRS 15 workshop is designed for a wide range of professionals, including:

• Accountants and finance professionals who use and produce financial statements under IFRS, and need to stay up to date with the latest developments in accounting standards and disclosure requirements
• Auditors who need to understand and apply the latest IFRS guidance to their audit work
• Market research analysts who require an understanding of how financial statements are prepared and presented under IFRS, in order to conduct effective financial analysis and valuation
• Professionals from rating agencies who use financial statements as a basis for credit ratings and need to keep up to date with the latest accounting standards and disclosure requirements
• Regulators who require an understanding of the latest accounting standards and disclosure requirements in order to develop and enforce effective financial reporting regulations
• Capital market watch experts who need to keep up to date with the latest developments in accounting standards and disclosure requirements in order to provide insights and recommendations to investors and other market participants.

No matter your profession, if you work in a field related to accounting, finance, or investment, the IFRS 15 Program can provide you with the knowledge and skills you need to stay ahead in today’s global reporting environment.

Feedback

Upon completion of the course, all delegates will receive an evaluation questionnaire aimed at gathering valuable feedback. This feedback is crucial to Shasat’s ongoing commitment to improving the quality of its learning solutions. By analyzing the trends in the responses, we are able to continuously enhance and refine our offerings to meet the evolving needs of our clients.

Venue & other info

Our training programs take place at the most prestigious professional training facilities in the city. Our venues have been meticulously chosen and expertly crafted to deliver an unparalleled and sophisticated learning experience. To further elevate your training journey, we will offer an array of refreshments including gourmet tea/coffee, delectable snacks, and a sumptuous lunch to sustain you throughout the course. Your comfort and satisfaction are of the utmost importance to us.  One week before the program begins, you will receive comprehensive joining instructions that include the exact venue details.

Please note that accommodation arrangements are the responsibility of the attendee.

Workshop Delivery (Online Programs)

The workshop will be delivered via the WebEx platform. Upon registration, all participants will receive comprehensive joining instructions for the live workshop. This fully virtual event will encompass a live-streamed presentation, personalized networking opportunities, interactive Q&A sessions, engaging polls, and post-event consultation to address specific concerns and support your continued growth.

In-Person Workshop

Please be advised that for all in-person training programs, joining instructions will be sent via email to registered participants one week prior to the program’s commencement. These instructions will provide comprehensive information regarding the venue location, date, and time, as well as other important details such as parking arrangements, dress code, and any necessary equipment or materials. Kindly ensure that you carefully review the joining instructions and follow the guidelines provided to ensure a smooth and well-organized experience during the program.

Changes to the conference

Shasat reserves the right, at its sole discretion, to make modifications to the format, speakers, participants, content, venue location, program, or any other aspect of the conference, at any time and for any reason, without incurring any liability. This policy has been implemented due to recent events such as the Covid-19 pandemic and other jurisdictional restrictions. These modifications may include but are not limited to, changes necessitated by a Force Majeure Event.

Sponsorship

We are pleased to offer sponsorship opportunities for our training programs, providing companies with a unique platform to showcase their brand and services to a highly engaged and relevant audience. By becoming a sponsor, your organization will have the opportunity to build brand awareness, demonstrate thought leadership, and cultivate valuable relationships with industry professionals. Our programs offer a platform to reach a targeted audience and generate new business leads while showcasing your expertise. The benefits of sponsorship include increased brand exposure, opportunities to connect with key decision-makers, and a platform to promote your products and services. We invite you to take advantage of this prime opportunity and partner with us to enhance your visibility and impact within the industry.

Terms and Conditions

We kindly request that you carefully review all of the terms and conditions outlined on our website. This information is critical in ensuring a clear understanding of our policies and procedures. Please follow the link provided to access this information.

About Shasat

Discover more about Shasat by exploring our “About Us” page, where you can gain insights into our company’s mission, values, and history, and learn how we can help you achieve your goals.

Payment

Enroll in our program with ease by choosing from our secure online payment options. You can make a payment through our website using PayPal or Stripe, or opt for a bank transfer, demand draft, or cheque payment. Our payment page will provide all necessary options during checkout. If you encounter any issues, our customer service team is here to assist you. Simply reach out to us with your selected course, and we’ll guide you through the payment process.

We kindly request that you take into consideration any associated bank fees when making your course fee payment. To ensure your participation in the program, payment must be received before the course date. Once we have received both payment and a completed registration form, we will confirm your enrollment in the program. Thank you for your understanding and cooperation.

Group discount

Our company is proud to offer a group discount of 15% for organizations or individuals who book a course for 5 or more participants. To take advantage of this offer and receive a personalized group discount code, please reach out to our customer service desk at info@shasat.com. Our team will be delighted to assist you with the booking process and answer any questions you may have. With this group discount, you can invest in the professional development of your team and drive success for your organization. Don’t hesitate to contact us today to learn more.

CPD hours

Upon successful completion of the training course, each participant will receive a certificate of completion that attests to the number of hours spent in training and serves as a valuable representation of their dedication to professional development. The certificate is not only a symbol of their achievement but also serves as proof of continuous professional development (CPD) and demonstrates their commitment to staying current in their field. We believe that CPD is a crucial aspect of career advancement and personal growth, and are proud to provide our participants with this important document.

Enquiries

For further assistance, we invite you to contact our dedicated customer service team. Our experienced and knowledgeable representatives are available to answer any questions you may have and provide the support you need to make informed decisions. We are committed to ensuring that you have a positive experience and are here to help in any way we can. Please don’t hesitate to reach out to us at your convenience.

In-House Training

Enhance your team’s skills and drive success for your business with our custom In-house training program. Our tailored approach aligns with your specific business needs, offering a cost and time-efficient solution for upskilling your employees. This not only improves their productivity but also positions your company as a competitive force in the market. Transform your investment in employee development into tangible results by choosing our In-house training option. To discuss and learn more about our services, please don’t hesitate to contact our training desk. We’re ready to help you create a bespoke program that’s just right for you.