Latest Updates on MFRS 15
Date & Time : Tuesday, 2 July 2019, 2:00pm - 6:00pm
2:00pm - 3:00pm Free Session
3:15am - 6.00pm Paid Session
MFRS 15 Revenue from Contracts with Customers replaces all previously issued accounting standards relating to revenue accounting treatments. In general, MFRS 15 seeks to streamline the accounting for revenue recognition in all industries by providing a single comprehensive revenue recognition model for all contracts with customers. This standard introduces a new structured 5-step approach in revenue recognition and provides more detailed guidance on revenue recognition It emphasises on performance obligations in contracts and the allocation of transaction price(s) to those obligations. Participants of this training will be trained on the basic requirements of MFRS 15, how to implement this 5 steps model, with worked examples and illustrations under different scenarios.
Overall, this training seeks to provide the participants with high level coverage of the essentials of MFRS 9, the challenges that are likely to come and the preparations that may be required.
Who Should Attend
Intuitive & enthusiastic classroom-style workshop with PowerPoint presentations, active/ proactive sessions, real case study with illustrations, and Q&A session
Outline of session: MFRS 15