IFRS 15: Our complimentary gift September 2024
Available from
23 September, 2024
CPD
1
Course Category:
Financial Reporting
Level:
Moderate
To provide participants with a thorough understanding of IFRS 15, enabling them to accurately apply the standard’s principles to revenue recognition and enhance their financial reporting practices. September 2024
Category: Financial Accounting
R 0 VAT Incl.
Product Information
What you will learn
Attending this webinar will equip you with the following skills:
- Understanding the fundamental principles of IFRS 15 and its application across different sectors.
- Mastering the five-step revenue recognition model and its practical implications.
- Identifying and resolving common implementation challenges associated with IFRS 15.
- Analysing contracts with customers to determine the appropriate timing and amount of revenue recognition.
- Enhancing your ability to prepare financial statements that accurately reflect revenue under IFRS 15.
Description
This webinar offers a comprehensive exploration of IFRS 15, “Revenue from Contracts with Customers,” providing a detailed understanding of how this standard applies to various industries. Participants will gain insights into the core principles of revenue recognition, the five-step model, and the challenges businesses face in implementing IFRS 15. Whether you are new to this standard or looking to refine your knowledge, this session will provide practical examples and expert guidance to ensure compliance and optimize your organisation’s financial reporting.
Price
The following pricing apply:
Adhoc: R0.00
Content
The webinar will cover the following topics:
-
-
- Introduction to IFRS 15
- Overview of the standard and its importance in financial reporting.
- Key definitions and scope of IFRS 15.
- Comparison with previous revenue recognition standards.
- The impact of IFRS 15 on various industries.
- The Five-Step Revenue Recognition Model
- Step 1: Identifying the contract with a customer.
- Step 2: Identifying the performance obligations in the contract.
- Step 3: Determining the transaction price.
- Step 4: Allocating the transaction price to the performance obligations.
- Step 5: Recognising revenue as the entity satisfies a performance obligation.
- Challenges and Considerations in Implementing IFRS 15
- Contract modifications and their impact on revenue recognition.
- Handling variable consideration and determining its effect on revenue.
- Addressing the complexities of recognising revenue over time versus at a point in time.
- Practical Examples and Case Studies
- Real-world scenarios illustrating the application of IFRS 15.
- Analysis of financial statements under IFRS 15.
- Best practices for ensuring compliance with the standard.
- Introduction to IFRS 15
-
Certificate
The following CPD is awarded 1 Unit Unverifiable CPD.
Requirements
There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date.
Presenter
Tshepiso Segale CA(SA)
Tshepiso Segale is a highly experienced Chartered Accountant with extensive expertise in finance management and reporting across a variety of industries, including logistics, insurance, and financial services. Most recently, she served as the Finance Manager at Grindrod Logistics Africa, where she was responsible for financial reporting across East Africa, statutory compliance, and the preparation of annual financial statements in accordance with IFRS standards. Tshepiso’s role also involved managing internal and external audits, optimising working capital, and developing internal controls frameworks.
Prior to her tenure at Grindrod, Tshepiso held key financial positions at Bidvest Insurance Limited and Momentum Metropolitan Holdings. Her areas of expertise include tax computation, budget preparation, financial analysis, and system implementation. Tshepiso began her career at PricewaterhouseCoopers, where she built a strong foundation in auditing, particularly within the financial services and property sectors. With a solid academic background and a commitment to excellence, Tshepiso is highly regarded for her technical proficiency and leadership in the finance field.
CIBA Academy Support
Login to CIBA Academy
Select My Dashboard
Select Submit a Ticket to log a new query
Your might also like
