Overview  

Gain an in-depth understanding of IFRS 15, the International Financial Reporting Standard that provides guidance on revenue recognition principles. This webinar will explore the key five-step model for recognizing revenue from contracts with customers, focusing on practical application and compliance challenges.

Join Caryn Maitland CA(SA) on 14 March 2025 from 10:00 a.m. to 12:00 p.m. to enhance your expertise in financial reporting under IFRS 15. 

Learning objectives  

Attending this webinar will equip you with the following skills: 

• Gain insights into the purpose of the new standard and its role in enhancing financial reporting.

• Recognise the significant differences between IFRS 18 and the former IAS 1, including new presentation and disclosure requirements.

• Learn how to structure financial statements in compliance with IFRS 18, including the classification of income and expenses into operating investing and financing categories.

• Understand the expanded disclosure requirements aimed at providing more detailed information to users of financial statements.

• Develop strategies to effectively transition to IFRS 18 and address potential challenges during implementation. 

Content 

The webinar will cover the following topics: 

• Introduction to the IFRS 15

  • Scope and objectives of the standard.

  • Key principles and the five-step model.
  • Importance of revenue recognition in financial reporting.
  • Common pitfalls and compliance issues.

• Step-by-Step Analysis of Revenue Recognition

  • Identifying contracts with customers.
  • Determining performance obligations.

• Transaction Price and Allocation

  • Methods for estimating transaction prices.
  • Allocating transaction prices to performance obligations.

• Practical Applications and Indusrty-Specific Considerations

  • Handling complex contracts and modifications.
  • Addressing variable consideration and constraints.

Obtaining your CPD certificate 

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA. 

All attendees are issued with a CPD certificate available in an online profile.   

Who should attend? 

The following persons will benefit from attending this webinar: 

• Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA. 

• Registered auditors. 

• Independent reviewers. 

• Trainee accountants. 

Price 

• R 450.00 - Online admission - Individual. 

• Group Price 1 - From R337 per person (up to 5 users) 

• Group Price 2 - From R260 per person (up to 10 users) 

• Group Price 3 - From R224 per person (over 11 users) 

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• A summarised slide presentation. 

• Reference documents and/or course material where available. 

• You can ask questions during the webinar and you will also have access to the presenter after the webinar. 

Corporate training solutions 

At SA Accounting Academy, we recognise the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.  

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritise hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.  

Interested in a bespoke corporate training experience? Reach out to us at corporate@accountingacademy.co.za or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organisational goals.  

Contact us   

  Have any questions or need any assistance? Contact us today!   

• Online chat through our website.   

• WhatsApp: Start chatting (+27635026114)   

• Phone: 010 593 0466   

• E-mail: ticket@accountingacademy.co.za