Walking through contracts the MFRS 15 way (Run 2)

17 July 2017 - 18 July 2017, 9:00AM - 5:30PM, MYT

Walking through contracts the MFRS 15 way (Run 2)

MFRS 15, Revenue from Contracts with Customers is the new revenue standard which replaces all the existing revenue related standards and also introducing a new 5-step model in recognising revenue. This workshop is designed to provide accounting and finance personnel with a thorough understanding in applying  the new revenue standard (MFRS 15) and how it would impact your business. Participants will also be assessing contract using the assessment binder developed by KPMG. (Note: Participants are encouraged to bring a revenue contract as a sample for this session.)

 

Further information on the workshop is available here.

 

HRDF application may be made under the Skim Bantuan Latihan, subject to approval by Pembangunan Sumber Manusia Berhad.

For enquiries, please contact:

Ms. Liew Yen Thien
Tel: 03-7721 3659
Email: yenthienliew@kpmg.com.my
Ms. Lam Pei Ming
Tel: 03-7721 3959
Email: peiminglam@kpmg.com.my

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Agenda
  Day 1 Day 2
08:30 - 09:00 Registration and light breakfast
09:00 - 10:00

MFRS 15: Revenue from contractswith customers:

•Overview of the new revenue recognition model (The 5-step model)

•Scoping

Step 4 : Allocate the transactionprice  
10:00 - 10:30 Step 1 : Identify the contract(s)
10:30 - 11:00 Break and refreshments  
11:00 - 12:30 Step 1 : Identify the contract(s)(continued) Step 5 : Recognise revenue  
12:30 - 13:00 Step 2 : Identify the perfomanceobligation
13:00 - 14:00 Lunch  
14:00 - 15:00 Step 2 : Identify the perfomanceobligation (continued) Step 5 : Recognise revenue(continued)
15:00 - 15:30 MFRS 15: Revenue from contractswith customers:•Contract modification
15:30 - 16:00 Break and refreshments  
16:00 - 17:30 Step 3 : Determine the transactionprice

MFRS 15: Revenue from contractswith customers:

•Contract costs

•Application guidance

•Disclosure & transition

Assessment binder is incorporated at each of the 5-step model in assessing the contract.

Program Details

• Certificate of attendance will be issued for 16 CPE hours.

• Participants will receive a complimentary copy of KPMG’s revenue related publications that will help in your understanding of the new revenue standard.

• Along with the above, participants will also receive an assessment binder that has been developed byKPMG in Malaysia.

• Who should attend: Directors, Audit Committee Members, Senior Management, Finance and Tax Managers/Executives, Regulators and Academicians.

Guide
Speakers: Fees:

Thong Foo Vung
Partner

Chong Chen Kian
Partner

Oh Sye Yi
Senior Manager

RM2,332 (RM2,160*) per person for two days.
The fee is inclusive of training materials, refreshments and lunch. The fee also includes GST of 6%. No cancellation and/or refund will be entertained but replacement delegate is welcomed at no additional charge if registered delegate is unable to attend.The fee is inclusive of training materials, refreshments and lunch. The fee also includes GST of 6%. No cancellation and/or refund will be entertained but replacement delegate is welcomed at no additional charge if registered delegate is unable to attend.
* Registration and payment received 3 weeks before the event/Registration of 3 or more persons under the same company or group of companies/KPMG Alumni members/KPMG clients.