The 5 Steps to Revenue Recognition

€40.00

The 5 Steps to Revenue Recognition

Course Description:

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.

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.

Date: 26/11/2020

Time: 14:00 – 16:15

Venue: Live online session – details of how to join the meeting will be sent once registration is complete

Fee: €40

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.

Trainers:

Introduction by Jonathan Dingli, Partner, Advisory Services, KPMG in Malta

covid ifrs implications

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 Bugeja

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.

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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!

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Course Features

  • Guided Learning 2.25 Hours
  • Language English
  • Assessments Not Applicable
Jonathan leads a team of professionals within the Accounting Advisory Services (AAS) Team as a Partner at KPMG Malta. At KPMG, Jonathan has assisted various local and international clients with respect to IFRS advice and IFRS adoption. 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 and he also represented the Institute on local and international fora. Before joining the Institute, Jonathan also worked as an auditor for a number of years with KPMG in Malta and in Dublin. Jonathan was the editor of the MIA journal the Accountant for seven years. 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. Jonathan received his Bachelor of Accountancy Honours degree from the University of Malta in 2002. He is a Certified Public Accountant and is also a fellow Member of the Malta Institute of Accountants
Renzo Bugeja
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.