The 5 Steps to Revenue Recognition
IFRS 15 Revenue from Contracts with Customers introduced the new 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.
The session is aimed for accounting professionals and financial controllers.
By the end of the session participants would be knowledgeable on the requirements of the 5-step model under IFRS 15.
Basic knowledge on financial reporting is recommended.
Time: 14:00 – 16:15
Venue: Live online session – details of how to join the meeting will be sent once registration is complete
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.
Introduction by Jonathan Dingli, Partner, Advisory Services, KPMG in Malta
Jonathan leads a team of professionals within the Accounting Advisory Services (AAS) Team at KPMG in Malta. At KPMG, Jonathan has assisted various clients, both local and international with respect to IFRS advice and IFRS adoption. He was responsible for advising a multi-national group of over 150 subsidiaries in its adoption of IFRS and the preparation of the group’s first IFRS consolidated financial statements. Before returning to KPMG, Jonathan set up the Malta Institute of Accountants’ Technical Department which he led for seven years. During his term of office Jonathan wrote a number of technical pronouncements on the application of IFRS to specific local circumstances, was responsible for the drafting of GAPSE (an accounting standard for Maltese SMEs), and he also represented the Institute on local and international fora. Before joining the Institute, Jonathan also worked for a number of years with KPMG in Malta and in Dublin during which he was assigned on a number of audits of high level clients both locally and overseas. Jonathan was the editor of the MIA journal the Accountant for seven years. Jonathan has been specialising in IFRS since 2008; he has lectured on IFRS in various countries, ran various IFRS courses for KPMG and the Malta Institute of Accountants and has given presentations at various events and conferences. He lectures on advanced financial reporting in the Master in Accountancy post-graduate degree at the University of Malta.
Renzo Bugeja, Advisor – Accounting Advisory Services, KPMG in Malta
Renzo joined KPMG’s 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.
Kindly note that this session entitles the attendee to 2 KPMG Loyalty Rewards. After collecting 60 Loyalty Rewards, attendees will be entitled to a free CPE session of their choosing. Visit our Loyalty Rewards page to learn more.
Moreover, for every three courses booked from our KPMG Learning Suites, attendees receive a discount voucher of 40% to be redeemed on their next course purchased from any Learning Suite!
Discover more courses from our KPMG Learning Suites.
Is your employer paying for your CPE seminars? Contact us on email@example.com to discuss how the employer can benefit from our offers.
- Guided Learning 2.25 Hours
- Language English
- Assessments Not Applicable