| KPMG | MY

Walking through contracts the MFRS 15 way (Run 5)

6 March 2018 - 7 March 2018, 8:30AM - 5:30PM, MYT

Walking through contracts the MFRS 15 way (Run 5)

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

Way to Register

BY E-MAIL / FOR ENQUIRY: BY MAIL: (Cheque only)
Ms. Lam Pei Ming
peiminglam@kpmg.com.my
at 03-7721 3959
KPMG PLT, Level 10, KPMG Tower 8 First Avenue,
Bandar Utama 47800 Petaling Jaya



 

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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

Program Details

  • Certificate of attendance will be issued for 16 CPE hours.
  • Participants will receive an assessment binder for MFRS 15 that has been developed by KPMG Malaysia.
  • Who should attend: Directors, Audit Committee Members, Senior Management, Finance and Tax Managers/Executives, Regulators and Academicians.

Fees

  • RM2,332 (RM2,160*) per person. The fee is inclusive of training materials, refreshments and lunch. The fee also includes GSTof 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.