The 5 Steps to Revenue Recognition

This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on kla@kpmg.com.mt or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.

Course Description:

IFRS 15 Revenue from Contracts with Customers introduced the five step model for revenue recognition and the standard brings with it new areas where key new estimates and judgements are required. In this IFRS Series session we shall be discussing the provisions of this revenue standard, answering questions such as what is a performance obligation and how to identify it, how to determine the transaction price and whether revenue shall be recognised at a point in time or over a period of time.

Target Audience:

The session is aimed for accounting professionals and financial controllers.

Learning Outcomes:

By the end of the session participants would be knowledgeable on the requirements of the 5-step model under IFRS 15.

Prerequisites:

Basic knowledge on financial reporting is recommended.

Venue: Kindly contact us on kla@kpmg.com.mt to indicate your preferred training method; online or in-person.

CPE Hours: This course qualifies for 2 hours of Structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.

Trainer:

Renzo Bugeja, Manager, Corporate Accounting Advisory Services, KPMG in Malta

Renzo Bugeja

Renzo joined KPMG’s Corporate Accounting Advisory Services function in 2018 upon completing his master’s degree in accountancy at the University of Malta. Renzo is mainly involved in advising a varied portfolio of local and international clients with their implementation of IFRS requirements. Renzo also delivers training on specific IFRS matters and local Companies Act requirements to his clients.