IFRS Updates

Objective:

IFRS 15 Revenue from Contacts with Customers 

 Determine the transaction price and allocating to performance obligations
 Variable consideration
 The existence of a significant financing component
 Non-cash consideration
 Allocation based on stand-alone selling prices
 Presentation
 Transition

IFRS 9 Financial Instruments vs IAS 39

 Classification and measurement of financial assets
 Classification and measurement of financial liabilities
 Derecognition of Financial instruments
 Impairment of financial assets
 Overview of new hedging requirements

IFRS 16 Leases

 Objective
 Scope
 Key definitions
 Identifying a lease
 Accounting by lessees
 Sale and leaseback transactions
 Transition Options
 Case studies

Participant’s Profile:

All professionals seeking to obtain in depth understanding of the accounting standards whether working in the profession or the industry.