IFRS15 | KPMG | SI
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IFRS 15 - It's time to engage

IFRS15

21 October 2016, 9:00AM - 3:00PM, CET Ljubljana, Slovenia

The new standard provides a framework that replaces existing revenue recognition guidance in US GAAP and IFRS. It moves away from the industry and transaction specific requirements under US GAAP, which are also used by some IFRS prepareres in the absence of specific IFRS guidance.New qualitative and quantitative disclosure requirements aim to enable financial statement users to understand the nature, amount, timing and uncertainity of renue and cash flows arising from contracts with customers. Entities will apply a five-step model to determine when to recognise revenue, and at what amount. The model specifies that revnue should be recognised when (or as) an entity tranfers control of goods or services to a costumer at the amount to which the entity expects to be entitled. For some entities there may be little change in the timing and amount of revenue recognised. However, arriving at this conclusion will require and understanding of the new model and analysis of its application to particular transactions.

This seminar is for:

 - Heads of Accounting and accountants- CFO’s  

   - Planning and Sales leaders   

   - Information Technology Leaders

- All that are interested in the topic 

Lecturers:

Damjan Ahčin, FCCA, certified auditor  and Lidija Pretnar, certified auditor   

Agenda, 21.10.2016 at 9.00  

08.30 - 09.00 - Arrival & Registration

09.00 - 11.00 – Presentation of 5 step model, Practical cases

11.15 - 11.30 - Coffee Break

11.30 - 13.00 – Other challenges, license, sales with the possinillity of returning the goods, warranties, sales advisory,                                                   -  Subsequent contract changes, costs associated with the fulfillment of contractual obligations

13.00 - 13.45 – Lunch break

13.45 - 14.30 - The transition to the new standard, Presentation of the KPMG model to analyze the gaps of the new IFRS 15 standard

Location:KPMG in Slovenia, Železna cesta 8a, Ljubljana

Application & Participation fee:

Fee for 1 person is 200 EUR + VAT, additional participant from the same company 180 EUR + VAT.Send the application form on kpmg kpmg.lj@kpmg.si. Application deadline is October 16, 2016.

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