Overview    

Revenue recognition remains one of the most judgement-intensive and high-risk areas in financial reporting. IFRS 15 introduced a single, principles-based framework for recognising revenue from contracts with customers, replacing multiple legacy standards and significantly changing how entities analyse contracts, performance obligations, and timing of revenue. 

This webinar provides a step-by-step, practical application of IFRS 15, guiding participants from foundational principles through to complex revenue scenarios using structured explanations and worked examples. It is designed to build both technical understanding and professional judgement, enabling confident and compliant implementation of the Standard. 

Join Caryn Maitland on the 15th of May 2026 from 10:00 am to 12:00 pm as she unpacks IFRS 15 in a clear, logical, and practical manner, taking participants from introductory concepts through to real-world application challenges faced in practice. 

Learning objectives   

Attending this webinar will equip you with the following skills:  

• Understanding the objectives, scope, and core principles of IFRS 15 

• Applying the five-step revenue recognition model with confidence 

• Identifying and assessing performance obligations within complex contracts 

• Determining and allocating transaction prices, including variable consideration 

• Exercising sound professional judgement in recognising revenue accurately and consistently 

Content   

The webinar will cover the following topics:  

• Introduction to IFRS 15 
  o Objective and scope of IFRS 15 
  o Principles-based revenue recognition framework 
  o Comparison with previous revenue standards (IAS 18 and IAS 11) 

• Overview of the Five-Step Revenue Recognition Model 
  o Structure and logic of the five-step model 
  o End-to-end overview using a simple worked example 

• Identify the Contract with a Customer 
  o Contract approval and enforceability 
  o Combination of contracts 
  o Contract modifications 
  o Worked example: single contracts and contract modifications 

• Identify the Performance Obligations 
  o Distinct goods and services 
  o Series of distinct services 
  o Bundled and multi-element contracts 
  o Worked example: identifying multiple performance obligations 

• Determine the Transaction Price 
  o Fixed and variable consideration 
  o Constraint on variable consideration 
  o Significant financing components 
  o Non-cash consideration 
  o Worked example: variable consideration and timing differences 

• • Allocate the Transaction Price 
  o Determination of stand-alone selling prices 
  o Allocation methodologies 
  o Treatment of discounts and variable consideration 
  o Worked example: allocation across multiple performance obligations 

• Recognise Revenue 
  o Revenue recognised over time vs at a point in time 
  o Measuring progress toward completion 
  o Worked example: service-based vs goods-based contracts 

• Contract Costs 
  o Incremental costs of obtaining a contract 
  o Costs to fulfil a contract 
  o Practical example: capitalisation and amortisation of contract costs 

• Presentation and Disclosure Requirements 
  o Contract assets and contract liabilities 
  o Disclosure requirements under IFRS 15 
  o Common disclosure weaknesses observed in practice 

• Common Errors, Judgement Areas and Practical Pitfalls 
  o Revenue acceleration and deferral risks 
  o Common audit and independent review findings 
  o Practical implementation tips for accountants    

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.  

About the presenter  

Caryn Maitland CA(SA) 

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA. 

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics. She has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  Caryn is also involved with the annual SAICA SMP Technical tour.   

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.  

• Audit managers.  

• 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 the Accounting Academy, we recognize 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 prioritize 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 organizational 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