Overview    

This webinar offers a comprehensive exploration of IFRS 15, "Revenue from Contracts with Customers," providing a detailed understanding of how this standard applies to various industries. Participants will gain insights into the core principles of revenue recognition, the five-step model, and the challenges businesses face in implementing IFRS 15. Whether you are new to this standard or looking to refine your knowledge, this session will provide practical examples and expert guidance to ensure compliance and optimise your organisation’s financial reporting.  

Join Tshepiso Segale CA(SA) on 19 September 2024 from 14:00 pm to 15:00 pm as she expertly guides you through the key principles and practical applications of IFRS 15, helping you to master revenue recognition and enhance your financial reporting skills.    

Learning objectives   

Attending this webinar will equip you with the following skills:  

• Understanding the fundamental principles of IFRS 15 and its application across different sectors. 

• Mastering the five-step revenue recognition model and its practical implications. 

• Identifying and resolving common implementation challenges associated with IFRS 15. 

• Analysing contracts with customers to determine the appropriate timing and amount of revenue recognition. 

• Enhancing your ability to prepare financial statements that accurately reflect revenue under IFRS 15.   

Content   

The webinar will cover the following topics:  

• Introduction to IFRS 15 

  • Overview of the standard and its importance in financial reporting. 

  • Key definitions and scope of IFRS 15. 

  • Comparison with previous revenue recognition standards. 

  • The impact of IFRS 15 on various industries. 

• The Five-Step Revenue Recognition Model 

  • Step 1: Identifying the contract with a customer. 

  • Step 2: Identifying the performance obligations in the contract. 

  • Step 3: Determining the transaction price. 

  • Step 4: Allocating the transaction price to the performance obligations. 

  • Step 5: Recognising revenue as the entity satisfies a performance obligation. 

• Challenges and Considerations in Implementing IFRS 15 

  • Contract modifications and their impact on revenue recognition. 

  • Handling variable consideration and determining its effect on revenue. 

  • Addressing the complexities of recognising revenue over time versus at a point in time. 

• Practical Examples and Case Studies

  • Real-world scenarios illustrating the application of IFRS 5. 

  • Analysis of financial statements under IFRS 15. 

  • Best practices for ensuring compliance with the standard.    

Obtaining your CPD certificate  

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA.  

All attendees are issued with a CPD certificate available in an online profile.    

About the presenter  

Tshepiso Segale CA(SA) 

Tshepiso Segale is a highly experienced Chartered Accountant with extensive expertise in finance management and reporting across a variety of industries, including logistics, insurance, and financial services. Most recently, she served as the Finance Manager at Grindrod Logistics Africa, where she was responsible for financial reporting across East Africa, statutory compliance, and the preparation of annual financial statements in accordance with IFRS standards. Tshepiso’s role also involved managing internal and external audits, optimising working capital, and developing internal controls frameworks. 

Prior to her tenure at Grindrod, Tshepiso held key financial positions at Bidvest Insurance Limited and Momentum Metropolitan Holdings. Her areas of expertise include tax computation, budget preparation, financial analysis, and system implementation. Tshepiso began her career at PricewaterhouseCoopers, where she built a strong foundation in auditing, particularly within the financial services and property sectors. With a solid academic background and a commitment to excellence, Tshepiso is highly regarded for her technical proficiency and leadership in the finance field.     

Who should attend?  

The following persons will benefit from attending this webinar:  

• Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA.  

• Registered auditors.  

• Audit managers.  

• Trainee accountants.  

Price  

• Free. 

Steps to register for the event:   

If you already have a profile, login and register for the webinar.  

If you don’t have a profile, create a free profile then login and register for the webinar.  

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series).  

Click here to find out about the Technical Resource Centre & CPD Subscription options.    

Additional material  

By attending this webinar you will be provided with:  

• A summarised slide presentation.  

• Reference documents and/or course material where available.  

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.    

Corporate training solutions  

At the Accounting Academy, we recognize the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.  

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritize hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.  

Interested in a bespoke corporate training experience? Reach out to us at [email protected] or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organizational goals.    

Contact us  

Have any questions or need any assistance? Contact us today!  

• Online chat through our website.  

• WhatsApp: Start chatting (+27635026114)  

• Phone: 010 593 0466  

• E-mail: [email protected]