As entities prepare to adopt AASB 15 ‘Revenue from Contracts with Customers’ one key decision needs to be made – how and when to transition to the new standard. Making that decision may not be straightforward because the new standard offers a range of transition options.
The choice of transition option and optional practical expedients can have a significant effect on revenue trends.
The modified retrospective transition approach is intended to be simpler than full retrospective application, however there are still challenges associated with that approach, including additional disclosure requirements in the year of adoption.
Transition occurred on 1 January for December reporters and the 1 July 2018 transition date is fast approaching for June reporters. It is time to apply this standard.
This hands-on masterclass, run by BDO IFRS Advisory experts Wayne Basford and Susan Oldmeadow-Hall will assist you in preparing for transition, taking you through a practical case studies to understand how to implement this standard.
Who should attend: Chief Financial Officers, Financial Controllers, Finance Managers, Accountants, Auditors and those involved in any aspects of financial or corporate reporting.
8.15am Session starts
10.00am Short break
Light morning tea provided
10.20am Case study workshop
12.00pm Event Concludes
$399.00 (inc GST)
By Tuesday, 19 June 2018