Course 1311: Revenue from Contracts with Customers - IFRS 15 and US GAAP Topic 606 (2 days)
|
|
- Dwayne Greene
- 5 years ago
- Views:
Transcription
1 Course 1311: Revenue from Contracts with Customers - IFRS 15 and US GAAP Topic 606 (2 days) Course introduction Revenue recognition is arguably the most important and controversial topic in financial reporting. Preparers must develop policies for measuring the amount and timing of revenue for goods and services. Revenue is a key performance indicator that drives the recognition of expenses and profits and valuation of an entity. The IASB and the US Financial Accounting Standards Board (FASB) collaborated on a project to develop improved, converged standards for revenue recognition. The Boards issued substantially converged standards in May The IASB s standard, IFRS 15 is mandatory for periods beginning on or after 1 January 2018 with earlier application permitted. The FASB published ASU Revenue from Contracts with Customers (Topic 606) at the same time, and this is compulsory for public entities for annual periods beginning after December 15, 2017: early adoption is permitted. Subsequently the Boards have separately issued clarifications of several aspects of their new standards. These apply from the same effective dates as the original standards. This course will focus on the requirements of the new standards, IFRS 15 and Topic 606. Concise explanations are provided, with detailed examples to illustrate application of the standard. IFRS previously comprised two principles-based standards, IAS 18 Revenue and IAS 11 Construction Contracts as well as three IFRS Interpretations. These were criticised for failing to provide adequate guidance on application - they have been described as vague and inconsistent. US GAAP had broad revenue recognition concepts and numerous detailed pronouncements on revenue (more than 200), many of which dealt with industry-specific issues. Here the criticism was that, in some cases, this resulted in different accounting for revenue from economically similar transactions. This important program answers questions such as: How will the new standards affect the timing of revenue recognition? What are the standards presentation requirements? How can preparers deliver the enhanced disclosures required by the new standard? What choices are there regarding transitional requirements? What is the likely impact on different industries, such as telecoms, software, extractive industries, Printed from on 8 Sep 2018 Page 1 of 5
2 manufacturing and retail? How and when are royalties, dividends and interest income recorded? Topics IFRS 15 and Topic 606 Revenue from Contracts with Customers Scope Recognition Identifying the contract Contract modifications Identifying separate performance obligations Satisfying performance obligations over time or at a point in time Measurement Determining the transaction price variable consideration, time value of money Allocation of price to separate performance obligations Contract costs - obtaining and fulfilling Contract assets Presentation Disclosure Transition options Differences between IFRS 15 and Topic 606 Application guidance Sale with right of return Warranties Principal versus agent considerations Upfront fees Licensing and rights to use intellectual property Repurchase agreements Consignment arrangements Bill-and-hold arrangements Customer acceptance Teaching method Printed from on 8 Sep 2018 Page 2 of 5
3 Group live instruction, with interactive participation encouraged Discussion of IFRS & US GAAP / SEC requirements for revenue recognition All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials Prerequisites Basic understanding of accounting for revenue recognition. No advance preparation is required for this course. Course benefits Learn the scope of the new revenue recognition standard Apply the five steps to recognise revenue Understand the required changes to measurement of revenue Plan how to implement the transition Identify new presentation and disclosure requirements Testimonials See what past participants said about this course: Took IFRS Training [with another provider] down the street - it was a large class and very confusing. This was small, interactive and very personable. The instructor provided a very detailed & clear overview of IFRS 15. The course was excellent. I would recommend this course and IASeminars to anyone interested in working with IFRS. [My previous training] has been in large seminars compared to this small group. This one is more interactive and specialized for us. Printed from on 8 Sep 2018 Page 3 of 5
4 Karl Gerhard Bråstein Dahl, Senior Vice President, Knutsen NYK Offshore Tankers AS, Norway An excellent, well organized, highly educational experience. Pay for and get a professional teaching experience. The course was very valuable because we talked through many examples both from IFRS and real life examples. [Instructor] did a great job of trying to relate the theoretical concepts to my audit portfolio. Who should attend? All preparers of financial statements. CPE / CPD Accreditation NASBA IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: Field of study: Accounting ICAEW Partner in Learning IASeminars is proud to have been named as an ICAEW Partner in Learning, working together to offer the ICAEW IFRS Certificate to our clients worldwide. ICAEW (The Institute of Chartered Accountants in England and Wales) is a world leading professional membership organisation that promotes, develops and supports over 145,000 chartered accountants worldwide. CPE certificates obtained from attending IASeminars courses are an ideal way for ICAEW members and others to demonstrate their continuing professional development, provided that the topic is relevant to their learning and development needs. Texas State Board of Public Accountancy IASeminars is registered with the Texas State Board of Public Accountancy as a CPE sponsor. Our CPE Sponsor ID is: This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. Printed from on 8 Sep 2018 Page 4 of 5
5 This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. In House To bring this course in-house please contact us and we will be pleased to assist Printed from on 8 Sep 2018 Page 5 of 5
Course 2201: US GAAP Accounting for Financial Instruments (2 days)
Course introduction In recent years the use of derivatives and other financial instruments, in particular for treasury risk management, has increased substantially. This has resulted in complex accounting
More informationCourse 3100: IPSAS Overview with IFRS Comparison (2 days)
Course introduction There is an increasing interest amongst public sector bodies worldwide to produce their financial statements according to International Public Sector Accounting Standards (IPSAS) issued
More informationCourse 2200: US GAAP Accounting for Derivatives and Hedging (2 days)
Course 2200: US GAAP Accounting for Derivatives and Hedging (2 days) Course introduction This comprehensive two-day course provides an overview of the most important accounting and reporting requirements
More informationCourse 1265: IFRS Accounting for Income Taxes - IAS 12 (1 day)
Course introduction Income taxes are often significant numbers in financial statements, which impact on an entity s reported financial position and performance. The objective of accounting for income taxes
More informationCourse 3050: IPSAS - Cash Basis (2 days) Course introduction
Course introduction The International Public Sector Accounting Standards Board (IPSASB) issues accounting standards and other guidance relating to the financial reporting needs of national, regional and
More informationCourse 2615: US GAAP for Upstream (E&P) Oil and Gas (3 days)
Course introduction The complexities of accounting for oil and gas companies require an ability to properly interpret and comply with the accounting requirements that are applicable to this industry's
More informationIntroduction IASB standards applicable to financial instruments: IAS 32, IAS 39, IFRS 7, IFRS 9 and IFRS 13
Course introduction IFRS 9 is effective from 1 January 2018 and replaces IAS 39 Financial Instruments: Recognition and Measurement. It introduces a logical, more principles-based approach to classification
More informationCourse 1790: In-depth IFRS for Banks and other Financial Institutions (5 days)
Course 1790: In-depth IFRS for Banks and other Financial Institutions (5 days) Course introduction This workshop provides a detailed review of the significant technical requirements of International Financial
More informationCourse 2282: US GAAP Accounting for Share-Based Compensation (2 days)
Course 2282: US GAAP Accounting for Share-Based Compensation (2 days) Course level: Location: CPE / CPD: Intermediate Las Vegas 16 hours Start date: 14 Sep 2017 Finish date: 15 Sep 2017 Start time: 09:00
More informationCourse 1400: IFRS Presentation and Disclosure Requirements (2 days)
Course level: Location: CPE / CPD: Overview Miami 16 hours Start date: 16 Dec 2013 Finish date: 17 Dec 2013 Start time: 09:00 Finish time: 18:00 Price: USD 2,600 Book this course Course introduction Continually
More informationCourse 1208: IFRS Overview for Derivatives and Hedging (2 days)
Course introduction This comprehensive two-day course provides an in-depth review of the current IFRS accounting and reporting requirements for derivatives and hedging. The IASB published the final version
More informationCourse 3285: IPSAS - For Employee Benefits and Provisions (1 day)
Course introduction IPSAS aims to improve the quality of general purpose financial reporting by public sector entities, leading to better informed assessments of the resource allocation decisions made
More informationCourse 3401: IPSAS - Presentation, Disclosure and Financial Reports (2 days)
Course 3401: IPSAS - Presentation, Disclosure and Financial Reports (2 days) Course introduction IPSAS aims to improve the quality of general purpose financial reporting by public sector entities, leading
More informationCourse 1741: IFRS Workshop for Banks and other Financial Institutions (3 days)
Course 1741: IFRS Workshop for Banks and other Financial Institutions (3 days) Course introduction Applying IFRSs presents significant challenges for financial institutions. Recent changes to the accounting
More informationCourse 7804: Financial Analysis and Corporate Valuation - Comprehensive Workshop (5 days) Course introduction. Topics
Course 7804: Financial Analysis and Corporate Valuation - Comprehensive Workshop (5 days) Course introduction The Financial Analysis section of the course will help participants understand and analyze
More informationCourse 3220: IPSAS - For Revenues (1 day) Book this course. Course introduction. Course level: Location: CPE / CPD:
Course level: Location: CPE / CPD: Overview London 8 hours Start date: 28 May 2015 Finish date: 28 May 2015 Start time: 09:00 Finish time: 18:00 Price: GBP 900 EUR 1,200 Subject to UK VAT ( Read more)
More informationCourse 1011: IFRS Fundamentals - Comprehensive Workshop (5 days)
Course introduction International Financial Reporting Standards (IFRSs) are the world s most widely applied accounting standards. More than 130 countries now require or permit the use of IFRSs. Over 7,000
More informationCourse 1741: IFRS Workshop for Banks and other Financial Institutions (3 days)
Course 1741: IFRS Workshop for Banks and other Financial Institutions (3 days) Course level: Location: CPE / CPD: Intermediate Zurich 24 hours Start date: 9 Dec 2015 Finish date: 11 Dec 2015 Start time:
More informationCourse 3000: IPSAS (Accrual Basis) - Immersion Workshop (8 days)
Course introduction These events are selling out well ahead of the start date. If your first choice of event is marked Sold Out already, please contact us to go on a stand-by list, as there may be cancellations.
More informationCourse 3401: IPSAS - Presentation, Disclosure and Financial Reports (2 days)
Course 3401: IPSAS - Presentation, Disclosure and Financial Reports (2 days) Course level: Location: CPE / CPD: Overview Geneva 16 hours Start date: 14 Jun 2017 Finish date: 15 Jun 2017 Start time: 09:00
More informationCourse 1600: International Oil and Gas Accounting and Financial Management Immersion Workshop (8 days)
Course 1600: International Oil and Gas Accounting and Financial Management Immersion Workshop (8 days) Course level: Location: CPE / CPD: Overview Dubai 64 hours Start date: 24 Nov 2019 Finish date: 3
More informationCourse 4200: Detecting and Investigating Financial Statement Fraud (2 days)
Course 4200: Detecting and Investigating Financial Statement Fraud (2 days) Course introduction This two-day immersion course provides an in-depth examination of financial statement fraud how it is defined,
More informationCourse 1600: International Oil and Gas Accounting and Financial Management Immersion Workshop (8 days)
Course 1600: International Oil and Gas Accounting and Financial Management Immersion Workshop (8 days) Course level: Location: CPE / CPD: Overview London 64 hours Start date: 15 Aug 2018 Finish date: 24
More informationCourse 3000: IPSAS (Accrual Basis) - Immersion Workshop (8 days)
Course level: Location: CPE / CPD: Overview London 64 hours Start date: 18 Mar 2019 Finish date: 27 Mar 2019 Start time: 09:00 Finish time: 18:00 Price: GBP 6,400 Subject to UK VAT (Read more) Book this
More informationCourse 3000: IPSAS (Accrual Basis) - Immersion Workshop (8 days)
Course level: Location: CPE / CPD: Overview Dubai 64 hours Start date: 9 Nov 2014 Finish date: 18 Nov 2014 Start time: 09:00 Finish time: 18:00 Price: GBP 5,850 Book this course Course introduction These
More informationCourse 3000: IPSAS (Accrual Basis) - Immersion Workshop (8 days)
Course level: Location: CPE / CPD: Overview London 64 hours Start date: 29 Nov 2017 Finish date: 8 Dec 2017 Start time: 09:00 Finish time: 18:00 Price: GBP 5,950 Subject to UK VAT (Read more) Book this
More informationCourse 3000: IPSAS (Accrual Basis) - Immersion Workshop (8 days)
Course level: Location: CPE / CPD: Overview Dubai 64 hours Start date: 15 Nov 2015 Finish date: 24 Nov 2015 Start time: 09:00 Finish time: 18:00 Price: GBP 5,850 Book this course Course introduction London
More informationCourse 3000: IPSAS (Accrual Basis) - Immersion Workshop (8 days)
Course level: Location: CPE / CPD: Overview London 64 hours Start date: 22 May 2017 Finish date: 31 May 2017 Start time: 09:00 Finish time: 18:00 Price: GBP 5,850 Subject to UK VAT (Read more) Book this
More informationApplying IFRS IFRS 15 Revenue from Contracts with Customers. A closer look at the new revenue recognition standard
Applying IFRS IFRS 15 Revenue from Contracts with Customers A closer look at the new revenue recognition standard Updated September 2016 Overview In May 2014, the International Accounting Standards Board
More informationApplying IFRS. IFRS 15 Revenue from Contracts with Customers. A closer look at the new revenue recognition standard (Updated October 2017)
Applying IFRS IFRS 15 Revenue from Contracts with Customers A closer look at the new revenue recognition standard (Updated October 2017) Overview The International Accounting Standards Board (IASB) and
More informationA closer look at IFRS 15, the revenue recognition standard
Applying IFRS IFRS 15 Revenue from Contracts with Customers A closer look at IFRS 15, the revenue recognition standard (Updated October 2018) Overview Many entities have recently adopted the largely converged
More informationExposure Draft ED 2015/6 Clarifications to IFRS 15
Hans Hoogervorst Chairman International Accounting Standards Board 30 Cannon Street London United Kingdom EC4M 6XH Deloitte Touche Tohmatsu Limited 2 New Street Square London EC4A 3BZ United Kingdom Tel:
More informationEducation Session: IFRS 15, Revenue from Contracts with Customers. Receive an education session on the revenue model in IFRS 15; and
Meeting: Meeting Location: International Public Sector Accounting Standards Board Santiago, Chile Meeting Date: March 10 13, 2015 Agenda Item 12 For: Approval Discussion Information Education Session:
More informationA closer look at the new revenue recognition standard
Applying IFRS IFRS 15 Revenue from Contracts with Customers A closer look at the new revenue recognition standard June 2014 Overview The International Accounting Standards Board (IASB) and the US Financial
More informationSaudi GAAP Transition to International Financial Reporting Standards (IFRS): Compliance with SOCPA
Saudi GAAP Transition to International Financial Reporting Standards (IFRS): Compliance with SOCPA Why Attend Do you want to prepare your accounting and finance team for a successful transition from Saudi
More informationHKFRS / IFRS UPDATE 2014/09
ISSUE 2014/09 JULY 2014 WWW.BDO.COM.HK s HKFRS / IFRS UPDATE 2014/09 REVENUE FROM CONTRACTS WITH CUSTOMERS Summary On 28 May 2014, the International Accounting Standards Board (IASB) and the US Financial
More informationreal estate and construction The Revenue Proposals Impact on Construction Companies
real estate and construction The Revenue Proposals Impact on Construction Companies Real Estate and Construction The Revenue Proposals Impact on Construction Companies The IASB and the FASB have jointly
More informationA shift in the top line
A shift in the top line A new global standard on accounting for revenue The FASB, along with the IASB, has finally issued ASU 2014-09, Revenue from Contracts with Customers, its new standard on revenue.
More informationApplying IFRS. TRG addresses more revenue implementation issues. November 2015
Applying IFRS TRG addresses more revenue implementation issues November 2015 Contents Overview 2 1. Accounting for renewals and restrictions in licences of IP 2 2. Update on previous TRG issues 4 3. What
More informationAgenda item 12: Revenue Education Session
Agenda item 12: Revenue Education Session Todd Beardsworth IPSASB Meeting March 10-13, 2015 Santiago, Chile Page 1 Objectives of this Education Session Consider the revenue model in IFRS 15, Revenue from
More informationRevenue from contracts with customers (ASC 606)
Financial reporting developments A comprehensive guide Revenue from contracts with customers (ASC 606) Revised August 2016 To our clients and other friends In May 2014, the Financial Accounting Standards
More informationASSOCIATION OF INTERNATIONAL ACCOUNTANTS
ASSOCIATION OF INTERNATIONAL ACCOUNTANTS Response by the Association of International Accountants to IASB Preliminary views on revenue recognition in contracts with customers discussion paper Submitted:
More informationRevenue Recognition Considerations for Manufacturers & Distributors 6/27/2018. THOUGHTWARE Manufacturing & Distribution THOUGHTWARE
THOUGHTWARE Manufacturing & Distribution THOUGHTWARE Revenue Recognition Considerations for Manufacturers & Distributors Justin Roberts, CPA Partner jaroberts@bkd.com David Stotelmyer, CPA Managing Director
More informationRevenue from Contracts with Customers (Topic 606)
No. 2016-12 May 2016 Revenue from Contracts with Customers (Topic 606) Narrow-Scope Improvements and Practical Expedients An Amendment of the FASB Accounting Standards Codification The FASB Accounting
More informationRevenue from contracts with customers (ASC 606)
Financial reporting developments A comprehensive guide Revenue from contracts with customers (ASC 606) August 2015 To our clients and other friends In May 2014, the Financial Accounting Standards Board
More informationXBRL and Accounting Update. Presented by Avi Alpert
XBRL and Accounting Update Presented by Avi Alpert Toolbox for Finance: An Online Knowledge Sharing Community Mission Toolbox for Finance helps finance professionals do their jobs better by enabling them
More informationImplementing Revenue Recognition for Health Care Organizations
Implementing Revenue Recognition for Health Care Organizations AUGUST 6, 2018 TO RECEIVE CPE CREDIT Individuals Participate in entire webinar Answer polls when they are provided Groups Group leader is
More informationIFRS UPDATE. Standards, Amendments and Interpretations. April 2016
IFRS UPDATE Standards, Amendments and Interpretations April 2016 Our summary of the new and revised financial reporting requirements provides an update on IFRS Standards, Amendments and Interpretations
More informationA new global standard on revenue
What this means for the construction industry The International Accounting Standards Board (IASB) and U.S. FASB have finally issued their new Standard on revenue IFRS 15 Revenue from Contracts with Customers
More informationRevenue from contracts with customers (ASC 606)
Financial reporting developments A comprehensive guide Revenue from contracts with customers (ASC 606) Revised August 2017 To our clients and other friends The Financial Accounting Standards Board (FASB
More informationMarianne L. James, California State University, Los Angeles CASE DESCRIPTION CASE SYNOPSIS
ACCOUNTING FOR BUSINESS COMBINATIONS AND THE CONVERGENCE OF INTERNATIONAL FINANCIAL REPORTING STANDARDS WITH U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES: A CASE STUDY 95 Marianne L. James, California
More informationInternational Accounting Standards Board 30 Cannon Street London EC4M 6XH United Kingdom
International Accounting Standards Board 30 Cannon Street London EC4M 6XH United Kingdom Our ref : RJ-IASB 462 C Date : Amsterdam, 26 October 2015 Direct dial : Tel.: (+31) 20 301 0391 / Fax: (+31) 20
More informationIFRSs, IFRICs AND AMENDMENTS AVAILABLE FOR EARLY ADOPTION FOR 31 DECEMBER 2016 YEAR ENDS
IFRSs, IFRICs AND AMENDMENTS AVAILABLE FOR EARLY ADOPTION FOR 31 DECEMBER 2016 YEAR ENDS INTERNATIONAL FINANCIAL REPORTING BULLETIN 2017/05 IFRSs, IFRICs and amendments available for early adoption for
More informationRevenue from contracts with customers (IFRS 15)
Revenue from contracts with customers (IFRS 15) This edition first published in 2015 by John Wiley & Sons Ltd. Cover, cover design and content copyright 2015 Ernst & Young LLP. The United Kingdom firm
More informationED/2010/6 REVENUE FROM CONTRACTS WITH CUSTOMERS
22 October 2010 International Accounting Standards Board 30 Cannon Street London, EC4M 6XH Dear Sirs ED/2010/6 REVENUE FROM CONTRACTS WITH CUSTOMERS IMA represents the asset management industry operating
More informationIFRS UPDATE. Standards, Amendments and Interpretations. January 2017
IFRS UPDATE Standards, Amendments and Interpretations January 2017 Our summary of the new and revised financial reporting requirements provides an update on IFRS Standards, Amendments and Interpretations
More informationIFRS UPDATE. Standards, Amendments and Interpretations. October 2016
IFRS UPDATE Standards, Amendments and Interpretations October 2016 Our summary of the new and revised financial reporting requirements provides an update on IFRS Standards, Amendments and Interpretations
More informationA new global standard on revenue
What this means for the life sciences industry The International Accounting Standards Board (IASB) have issued their new Standard on revenue IFRS 15 Revenue from Contracts with Customers. This bulletin
More informationRevenue from Contracts with Customers A guide to IFRS 15
Revenue from Contracts with Customers A guide to IFRS 15 March 2018 This guide contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities
More informationIFRS IN PRACTICE IFRS 15 Revenue from Contracts with Customers
IFRS IN PRACTICE 2018 IFRS 15 Revenue from Contracts with Customers 2 IFRS IN PRACTICE 2018 IFRS 15 REVENUE FROM CONTRACTS WITH CUSTOMERS IFRS IN PRACTICE 2018 IFRS 15 REVENUE FROM CONTRACTS WITH CUSTOMERS
More informationUpdate on IASB s work plan
IN THE HEADLINES April 2011, Issue 2011/10 Update on IASB s work plan This issue of In the Headlines summarises the status of the current projects of the IASB 1. It reflects significant discussions up
More informationIFRS UPDATE. Standards, Amendments and Interpretations. June 2016
IFRS UPDATE Standards, Amendments and Interpretations June 2016 Our summary of the new and revised financial reporting requirements provides an update on IFRS Standards, Amendments and Interpretations
More informationNavigating the changes to New Zealand Equivalents to International Financial Reporting Standards
Navigating the changes to New Zealand Equivalents to International Financial Reporting Standards Contents Overview 3 Effective dates of new standards, interpretations and amendments (issued as at 31 Dec
More informationRevenue from Contracts with Customers
Grant Thornton August 2017 Revenue from Contracts with Customers Navigating the guidance in ASC 606 and ASC 340-40 This publication was created for general information purposes, and does not constitute
More informationIFRS Seminar Series for Regulators GDLN 15 December 2010
REPARIS A REGIONAL PROGRAM Technical Update for Banking and Insurance Regulators Overview on Institutional Developments IFRS Seminar Series for Regulators GDLN 15 December 2010 THE ROAD TO EUROPE: PROGRAM
More informationAccounting for revenue - the new normal: Ind AS 115. April 2018
Accounting for revenue - the new normal: Ind AS 115 April 2018 Contents Section Page Preface 03 Ind AS 115 - Revenue from contracts with customers 04 Scope 07 The five steps 08 Step 1: Identify the contract(s)
More informationIFRS APPLICATION AROUND THE WORLD JURISDICTIONAL PROFILE: Nepal
IFRS APPLICATION AROUND THE WORLD JURISDICTIONAL PROFILE: Nepal Disclaimer: The information in this Profile is for general guidance only and may change from time to time. You should not act on the information
More informationInvitation to comment Exposure Draft ED/2015/6 Clarifications to IFRS 15
Ernst & Young Global Limited Becket House 1 Lambeth Palace Road London SE1 7EU Tel: +44 [0]20 7980 0000 Fax: +44 [0]20 7980 0275 ey.com Tel: 023 8038 2000 International Accounting Standards Board 30 Cannon
More informationMr Hans Hoogervorst Chairman IFRS Foundation 30 Cannon Street London EC4M 6XH United Kingdom (By online submission)
A S C ACCOUNTING STANDARDS COUNCIL SINGAPORE 30 October 2015 Mr Hans Hoogervorst Chairman IFRS Foundation 30 Cannon Street London EC4M 6XH United Kingdom (By online submission) Dear Hans RESPONSE TO EXPOSURE
More informationAcronyms 17th edition Contents of booklet current as of 15 November 2016
Changes to the financial reporting framework in Singapore November 2016 The information in this booklet was prepared by the IFRS Centre of Excellence* of Deloitte & Touche LLP in Singapore ( Deloitte Singapore
More informationRevenue Recognition Principles
Revenue Recognition Principles 4 CPE Hours d PDH Academy PO Box 449 Pewaukee, WI 53072 www.pdhacademy.com pdhacademy@gmail.com 888-564-9098 CONTINUING EDUCATION for Certified Public Accountants REVENUE
More informationPERSPECTIVES
PERSPECTIVES S 17 IFRS 17 IFRS 17 IFRS 17 IFRS 17 IFRS 1 R R S 17 IFRS 17 IFRS 17 IFRS 17 IFRS 17 IFRS 1 R 17 IFRS 17 IFRS IFRS 17: 17 AN IFRS OVERVIEW 17 IFRS 17 IFRS 1 R 17 IFRS 17 OF IFRS THE 17 CHALLENGES
More informationIFRS: 2018 Updates. Why Attend. Course Methodology. Course Objectives. Target Audience. Target Competencies. Associations
IFRS: Updates Why Attend Our International Financial Reporting Standards (IFRS): updates training course will help build the knowledge you need in IFRS for success in today's global business world. Like
More informationA C. 04 The full syllabus management level continued. The full syllabus management level F2 A. GROUP FINANCIAL STATEMENTS (35%) Syllabus structure
04 continued PAPER F2 FINANCIAL MANAGEMENT Syllabus overview Paper F2 extends the scope of Paper F1 Financial Operations to more advanced topics in financial accounting (preparation of full consolidated
More informationICAEW REPRESENTATION 96/15
ICAEW REPRESENTATION 96/15 EFRAG draft endorsement advice on IFRS 9 Financial Instruments ICAEW welcomes the opportunity to respond to the draft endorsement advice and effects study report on IFRS 9 Financial
More informationWelcome New standards In the pipeline Grant Thornton News. Open for comment. IFRS News
Round up Effective dates Open for comment IFRS Welcome to IFRS a quarterly update from the Grant Thornton International IFRS team. IFRS offers a summary of the more significant developments in International
More informationAccounting News Deloitte Czech Republic. December 2016
Accounting News Deloitte Czech Republic December 2016 Amendment to the Act on Accounting Valid 2 FASB s Accounting Standards On 9 November 2016, the Chamber of Deputies approved the governmental draft
More informationRevenue From Contracts With Customers
September 2017 Revenue From Contracts With Customers Understanding and Implementing the New Rules An article by Scott Lehman, CPA, and Alex J. Wodka, CPA Audit / Tax / Advisory / Risk / Performance Smart
More informationRef: The IASB s Exposure Draft Clarifications to IFRS 15
The Chair 5 October 2015 ESMA/2015/1518 Ref: The IASB s Exposure Draft Clarifications to IFRS 15 Dear Mr Hoogervorst, Mr Hans Hoogervorst International Accounting Standards Board 30 Cannon Street London
More informationIFRS update Israel December 2013
www.pwc.com IFRS update Israel December Agenda 1. What s new? 2. Developments at the IASB - Leases - Revenue - Financial instruments - Conceptual framework - Rate regulation 3. Future improvements to IFRSs
More informationNew on the Horizon: Revenue recognition for telecoms. International Financial Reporting Standards July 2010
New on the Horizon: Revenue recognition for telecoms International Financial Reporting Standards Foreword In the exposure draft ED/2010/6 Revenue from Contracts with Customers the International Accounting
More informationRevenue from Contracts with Customers
International Financial Reporting Standard 15 Revenue from Contracts with Customers In April 2001 the International Accounting Standards Board (IASB) adopted IAS 11 Construction Contracts and IAS 18 Revenue,
More informationPicture to be changed
Picture to be changed EVOLUTION DEMANDS SPEED AND FLEXIBILITY Dolphins are some of the most successful hunters in the animal kingdom. Their speed, intelligence and adaptability give them a crucial edge.
More informationHealth Care. A Focus on Financial Reporting. FASB Revenue Recognition for CHCs: 4/16/2018
Health Care FASB Revenue Recognition for CHCs: A Focus on Financial Reporting Helping Community Health Centers Understand the Changes Needed for Financial Statement Presentation & Disclosure Requirements
More informationIAS 18, Revenue A Closer Look
IAS 18, Revenue A Closer Look K.S.Muthupandian* International Accounting Standard (IAS) 18, Revenue, prescribes the accounting treatment of Revenue arising from certain types of transactions and events.
More informationClarifications to IFRS 15 Letter to the European Commission
Olivier Guersent Director General, Financial Stability, Financial Services and Capital Markets Union European Commission 1049 Brussels 6 July 2016 Dear Mr Guersent Adoption of Clarifications to IFRS 15
More informationAdoption of IFRS 8 Operating Segments
Jörgen Holmquist Director General European Commission Directorate General for the Internal Market 1049 Brussels 16 January 2007 Dear Mr Holmquist, Adoption of IFRS 8 Operating Segments Based on the requirements
More informationIFRS 9 FINANCIAL INSTRUMENTS (2014) INTERNATIONAL FINANCIAL REPORTING BULLETIN 2014/12
IFRS 9 FINANCIAL INSTRUMENTS (2014) INTERNATIONAL FINANCIAL REPORTING BULLETIN 2014/12 Summary On 24 July 2014, the International Accounting Standards Board (IASB) completed its project on financial instruments
More informationA new global standard on revenue
What this means for the manufacturing industry The International Accounting Standards Board (IASB) and US FASB have finally issued their new Standard on revenue IFRS 15 Revenue from Contracts with Customers
More informationMFRS Hot Topics. A shift in the top line the new global revenue standard is here at last
Special Edition on Revenue MFRS Hot Topics July 2014 A shift in the top line the new global revenue standard is here at last The IASB has published IFRS 15 Revenue from Contracts with Customers. IFRS 15:
More informationDeutsches Rechnungslegungs Standards Committee e.v. Accounting Standards Committee of Germany
e. V. Zimmerstr. 30 10969 Berlin Mr Hans Hoogervorst Chairman of the International Accounting Standards Board 30 Cannon Street London EC4M 6XH United Kingdom IFRS Technical Committee Phone: +49 (0)30 206412-12
More informationA new global standard on revenue
What this means for the construction industry The International Accounting Standards Board (IASB) and U.S. FASB have finally issued their new Standard on revenue IFRS 15 Revenue from Contracts with Customers
More informationSimilarities and Differences
www.pwc.com/jp/ifrs Similarities and Differences A comparison of IFRS and JP GAAP 2016 April 2016 (This page is intentionally left blank) Contents Preface... 2 How to use this publication... 3 First-time
More informationDeliberation on IFRS. by CA. D.S. Rawat
Deliberation on IFRS IAS-1,2,,7, 8,10, 12,16,17,18,19,20, 23, 24,27,28,31,32,36,37,38,39,40 IFRS -5,6,7, 8 by CA. D.S. Rawat Partner, Bansal & Co. IAS 18 REVENUE Objective When the revenue should be recognised
More informationApplying IFRS. IFRS 13 Fair Value Measurement. Fair Value Measurement
Applying IFRS IFRS 13 Fair Value Measurement Fair Value Measurement November 2012 Introduction Many IFRS permit or require entities to measure or disclose the fair value of assets, liabilities, or equity
More informationThe New Era of Revenue Recognition. Chris Harper, CPA, MBA, Senior Manager
The New Era of Revenue Recognition Chris Harper, CPA, MBA, Senior Manager Measuring Temperature What is your level of familiarity with revenue recognition standards that were issued in 2014? I practically
More informationAssociation of Accounting Technicians response to the IASB Exposure Draft on Clarifications to IFRS 15
Association of Accounting Technicians response to the IASB Exposure Draft on Clarifications to IFRS 15 Page 1 of 6 Association of Accounting Technicians response to the IASB Exposure Draft on Clarifications
More informationUnion of Investment Companies in Kuwait (UIC)
www.pwc.com/me Union of Investment Companies in Kuwait (UIC) s Academy IFRS Training Programme 30.01.2017 Training overview This programme will cover the following standards: In 2009 the first section
More informationInternational Financial Reporting Standards (IFRS) and 2019 Updates
International Financial Reporting Standards (IFRS) and 2019 Updates Page 1 of 11 Why Attend Our 'International Financial Reporting Standards (IFRS) and 2019 Updates' course will help build the knowledge
More information