Walking through contracts the MFRS 15 way (Run 4) | KPMG | MY

Walking through contracts the MFRS 15 way (Run 4)

4 December 2017 - 5 December 2017, 8:30AM - 5:30PM, MYT

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.


For enquiries, please contact:

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 contracts with customers:
• Overview of the new revenue recognition model (The 5-step model)
• Scoping

Step 4 : Allocate the transaction price
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 perfomance obligation
13:00 - 14:00 Lunch  
14:00 - 15:00 Step 2 : Identify the perfomance obligation (continued) Step 5 : Recognise revenue(continued)
15:00 - 15:30 MFRS 15: Revenue from contracts with customers:•Contract modification
15:30 - 16:00 Break and refreshments  
16:00 - 17:30 Step 3 : Determine the transaction price MFRS 15: Revenue from contracts with customers:•Contract costs•Application guidance•Disclosure & transition

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

Guide
Speakers Fees:
Thong
Foo Vung
Partner
RM2,332 (RM2,160*) per person for two
days.
Chong
Chen Kian
Partner
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.
Oh
Sye Yi
Senior Manager

* Registration and payment received 1 month before the event/Registration of 3 or more persons under the same companyor group of companies/KPMG Alumni members/KPMG clients.

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