Latest Developments around Revenue Recognition (IFRS 15)
Overview
Learn how to navigate the issues of implementing IFRS 15
In this session we discuss issues that companies have encountered in implementing IFRS 15 and include a number of new examples to demonstrate how the standard should be applied.
This session will focus on the following aspects of IFRS 15 Revenue from Contracts with Customers:
- Steps 1 to 5 of the revenue recognition model;
- Contract costs;
- Changes in the transaction price after contract inception;
- Sales with a right of return;
- Warranties;
- Principle vs agent;
- Customer options for additional goods or services;
- Renewal options;
- Non-refundable upfront fees;
- Breakage (unexercised rights); and
- Licensing.
Learning Outcomes:
This session aims to provide attendees with the ability to explain the following aspects of IFRS 15 Revenue from Contracts with Customers:
- Steps 1 to 5 of the revenue recognition model;
- Contract costs;
- Changes in the transaction price after contract inception;
- Sales with a right of return;
- Warranties;
- Principle vs agent;
- Customer options for additional goods or services;
- Renewal options;
- Non-refundable upfront fees;
- Breakage (unexercised rights); and
- Licensing.
Suited to:
Auditors, CEOs, CFOs, Board Members, Financial Controllers, Finance Teams, Accountants involved in the preparation of financial reports.
This On Demand Includes:
- Recording of the Live Webinar, which can be viewed multiple times
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
- CPD Quiz
- CPD Certificate
Course syllabus
3 lessons
- Video – Latest Developments around Revenue Recognition (IFRS 15)Video
- Feedback Survey 2024Survey
- Knowledge QuizTest
Your presenter
Aletta BoshoffBDO Services
is an Advisory Partner and National Leader of IFRS & Corporate Reporting, as well as the National Leader of Sustainability & ESG, at BDO in Australia. Aletta has over 30 years’ experience in financial reporting and accounting, including IFRS. Aletta has lectured on financial accounting and reporting at various Australian and South African universities. As an Associate Professor, she authored various financial reporting and accounting textbooks. Aletta also spent a number of years as a Project Manager at the Australian Accounting Standards Board (AASB).
Aletta prides herself on her technical excellence, approachability, and the ability to solve problems practically. In particular, Aletta takes great pride in her ability to apply a wealth of technical expertise to real-world business situations. Having worked with a range of clients in both the for-profit and not-for-profit sectors, Aletta understands the challenges Boards and finance teams face.
Aletta’s involvement in sustainability and Environmental, Social and Governance (ESG) is a consequence of her focus on an organisation’s ability to create and sustain long-term value in a rapidly changing world, and managing the risks and opportunities associated with these changes.