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(English) Latest Updates on MFRS 15: Revenue from Contract with Customers

Everything you need to know about MFRS 15: Revenue from Contract with Customers

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Price of MFRS 15 will increase

  • Price before (Wed) 31 July 9pm is RM 299
  • Price after (Wed) 31 July 9pm is RM 399

If you wish to learn Latest Updates on MFRS 9 only, click here to sign up. (Fee = RM 299)

Price of MFRS 9 will increase

  • Price before (Wed) 31 July 9pm is RM 299
  • Price after (Wed) 31 July 9pm is RM 399

If you wish to learn Latest Updates on MFRS 9 & 15, click here to sign up. (Fee = RM 399)

Price for MFRS 9 + 15 will also increase

  • Price before (Wed) 31 July 9pm is RM 399
  • Price after (Wed) 31 July 9pm is RM 599
This is a super deal introductory offer oh, because in the future, we will add in more content to here. Means, you pay one time fee, you will get updates of MFRS 9 + 15
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Upcoming Webinar Latest Updates on MFRS 15

Latest Updates on MFRS 15


Overview

MFRS 15 Revenue from Contracts with Customers replaces all previously issued accounting standards relating to revenue accounting treatments. In general, MFRS 15 seeks to streamline the accounting for revenue recognition in all industries by providing a single comprehensive revenue recognition model for all contracts with customers. This standard introduces a new structured 5-step approach in revenue recognition and provides more detailed guidance on revenue recognition It emphasises on performance obligations in contracts and the allocation of transaction price(s) to those obligations. Participants of this training will be trained on the basic requirements of MFRS 15, how to implement this 5 steps model, with worked examples and illustrations under different scenarios.

Overall, this training seeks to provide the participants with high level coverage of the essentials of MFRS 9, the challenges that are likely to come and the preparations that may be required.

Objectives

  • Explain the new technical requirements of MFRS 15
  • Discuss the challenges and impacts that businesses are likely to face in respect of MFRS 15
  • Brief coverage of areas for review and preparation in businesses

Who Should Attend

  • Directors
  • Senior Accountants
  • Financial Controllers
  • Finance Managers
  • Accounts executive

Workshop Methodology

Intuitive & enthusiastic classroom-style workshop with PowerPoint presentations, active/ proactive sessions, real case study with illustrations, and Q&A session

Outline of session: MFRS 15

  • Introduction
  • Recognition and measurement – 5 step model
  • Recognition of revenue over time or at a point in time
  • Contract costs
  • Disclosures
  • Challenges and practical insights



Your Instructor


Ng Kean Kok
Ng Kean Kok

Mr. Ng Kean Kok is a Chartered Accountant and has more than twenty years of auditing, accounting and company secretarial experience across various industries. Previously, he worked with one of the international accounting firms in the audit and advisory services and covered industries like agriculture, manufacturing, trading, marketing, banking and finance, and construction. He has served as a director and company secretary to several family related firms.

He is a member of the Malaysian Institute of Accountants (MIA) and fellow member of the Association of Chartered Certified Accountants (ACCA), UK. At MIA, he has served on several committees such as the Financial Reporting Standards Implementation Committee (FRSIC), Financial Statements Review Committee (FSRC), Public Accountants in Business (PAIB) Committee, Monitoring Committee and SSM Committee. He was previously also a Council Member. Furthermore, he is a member of ACCA’s Global Forum – Corporate Reporting. Previously, he served as member of ACCA Malaysia’s Technical Committee.

Last but not least, Mr. Ng has been involved in academic matters for over twenty years and has published various research articles, journals and books.


Class Curriculum


  20190702 Latest Updates on MFRS 15
Available in days
days after you enroll
  Preliminary consideration: Extracts from ‘Conceptual Framework for Financial Reporting
Available in days
days after you enroll

Frequently Asked Questions


Language Available ?
English only
Payment
One Time Off, No Annual Fee, No Renewal Fee
Payment Method
Credit Card or Online Bank In
Venue & Access
100% Online Learning 24/7 Anytime, Anywhere
Supported Devices:
Desktop, laptop, smart devices & smart phones (iOS and Andriod supported).
Am I Allowed to Post Questions to Trainer After Live Webinar ?
Yes
How many times can I view the video replay ?
Unlimited Replay of Training Content
Are the Video & Training Materials downloadable ?
Yes. You will enjoy Unlimited Download of Video & Training Materials
Do You Issue Certificate of Completion ?
Yes, upon completion, you can download the Certificate of Completion
Will you update the training from time to time ?
This is not a guaranteed benefit when you sign up but we will try our best., You will receive UpToDate Training Content whenever the trainer feels necessary to do a follow up webinar.

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