Webinar on MFRS 15 & MFRS 16

25 - 26 November 2020

The process of compliance to both MFRS 15 and MFRS 16 involves a significant amount of management estimation and judgement and this could be material to the financial statements. Join us in the webinar to get insights and understanding of the topics.

Day 1 - Practical application of MFRS 15 Revenue from Contracts with Customers
Date: 25 November 2020, Wednesday
Time: 9.00am - 5.15pm

Day 2 - Current issues on Compliance with MFRS 16 Leases
Date: 26 November 2020, Thursday
Time: 9.00am - 5.15pm

 

Speaker

Danny Tan, FCMA, FCCA, CA(Singapore), CA(M), BA(HONS), ELON, MBA

Danny is a partner of a consulting firm providing technical training and consultancy services and has over 35 years of experience in public practice, commerce and industry. He trained with a firm of Chartered Accountants in London where he qualified as a professional accountant. Danny provides training in IFRS and IPSAS in Europe, Middle East, and Asia Pacific. He is a project manager with MASB and holds advisory roles in financial reporting committees and working groups on IFRS technical matters. Danny holds an Honours Degree in Economics (UK), an MBA in Finance (UK) and a Master in Advanced Business Practice (Australia). He is a Fellow Member of CIMA (UK) and ACCA (UK), and a member of ISCA, MIA, and CTIM.

Download flyer for full programme outline

Day 1 - Practical application of MFRS 15 Revenue from Contracts with Customers
Date: 25 November 2020, Wednesday
Time: 9.00am - 5.15pm

  • Practical Case Studies to Applying the Five-Step Approach: How to apply the five-step approach to revenue from contracts with customers arising from various industries and businesses

Step 1. Identifying and assessing existence of a contract with customers

Step 2. Establish present obligation(s) in the contract

Step 3. Determining the transaction price

Step 4. Allocating the transaction price

Step 5. Recognise revenue upon transfer of control

  • Dealing with Contract Costs
  • Presentation and Disclosure
  • Observation on Compliance Issues

 

Day 2 - Current issues on Compliance with MFRS 16 Leases
Date: 26 November 2020, Thursday
Time: 9.00am - 5.15pm

  • Identifying a Lease Contract, Assessing
  • Exemptions for Lessee to Recognise the Asset and Liability of a Lease Contract
  • Separating Components of a Lease Contract for Lessor and Lessee
  • Accounting for Lessee
  • Accounting for Lessor
  • Intermediate Lessor: Transaction Involving Property
  • Presentation and Disclosure for Lessee and Lessor
  • Sale and Leaseback Transactions for Both Seller-Lessee and Buyer-Lessor
  • Transitional Provision
  • Observation on Compliance Issues
Nurfariha Ismail
  • Webinar via Zoom
Tel: 603-2692 4022 ext 550 Contact:
Flyer
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