IFRS 15 Revenue from Contracts with Customers Riyadh

Course details

From 1 January 2018 all companies applying IFRS must adopt IFRS 15. This new standard revolutionises the way that companies look at their revenue and can impact on the timing and amount of revenue that is recognised. The impact of this new standard on your organisation may be significant, especially in construction with the potential for revenue to be deferred and any organisation that sells 'bundled' products like telecoms but with an approach of 'no such thing as free' all companies will have to reconsider the timing and amount of revenue they recognise.

By the end of this course, delegates will be able to understand:

• The scope of the new revenue recognition standard 
  
• How to apply the five step model, what to look out for and how to avoid the pitfalls 
  
• The implications of the most recent guidance on performance obligations, licensing and agent versus principal 
  
• The transitional arrangements and adoption options 
  
• Practical implications of adoption 
  
• Disclosure issues
  

This workshop is ideal for finance professionals in the construction, software, automotive, telecom, real estate, engineering and retail industry and those who need to prepare their teams for the implementation of IFRS 15.