|MYR1,272.00 (including GST)|
Are you prepared for the changes and best practices of implementing MFRS 15? Gain practical insights on managing the impact brought by the new standard on your company’s financial reporting and what it means going forward.
MFRS 15 supersedes existing standards and interpretations related to revenue and is effective for annual periods beginning on or after 1 January 2018, with earlier application permitted.
The new standard will have significant impact on each company’s financial performances, systems, operations and customer relationships. Companies are advised to start preparing early for the smooth transition and implementation of MFRS 15.
Design specially for accounting and finance leaders, this programme will help you gain a practical understanding of the requirements of MFRS 15, which enables you to:
This programme will take you through the five-step model framework that is required to comply with MFRS 15.
At the end of this workshop, you will:
DEALING WITH CONTRACT COSTS
THE FIVE PRACTICAL STEPS OF APPLYING MFRS 15
Step 1 Identifying and assessing existence of a contract with customers
Step 2 Establish present obligation(s) in the contracts
Step 3 Determining the transaction price
Step 4 Allocating the transaction price
Step 5 Recognize revenue upon transfer of control
PRESENTATION AND DISCLOSURE
PRACTICAL INDUSTRY SPECIFIC APPLICATIONS
Danny Tan Boon Wooi has over 30 years of working experience in public practice, commerce and industry as a professional accountant and auditor. In the last 18 years he is a partner of a consulting firm providing technical training and consultancy in IFRS and IPSAS (Accrual Accounting). He is currently a project manager with the Malaysian Accounting Standards Board in several projects. He is a member of Government Accounting Standards Advisory Committee working on implementation of Malaysia Public Sector Accounting Standards.
Danny holds an Honours Degree in Economics from England, an MBA in Finance from Scotland and a Master in Advanced Business Practice from Australia. He is a member of CIMA (UK), ACCA (UK), ISCA, MIA and CTIM.
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