Walking through contracts the MFRS 15 way (Run 7) | KPMG | MY
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[CANCELLED] Walking through contracts the MFRS 15 way (Run 7)

23 October 2018 - 24 October 2018, 8:30AM - 5:30PM, MYT Petaling Jaya, Malaysia

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.)

Venue:
One World Hotel, Petaling Jaya.

Fees:
RM2,332 (RM2,160*) per person.

* 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.

 

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

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.
• Along with the above, participants will also receive an assessment binder for MFRS 15 that has been developed by KPMG in Malaysia.
• Who should attend: Directors, Audit Committee Members, Senior Management, Finance and Tax Managers/ Executives, Regulators and Academicians.