(English) Updates on MFRS 15 Revenue from Contract with Customers (as of Sept 2020) by Ng Kean Kok (Chartered Accountant)
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This training seeks to provide the following for its participants:
- Brief revision on MFRS 15 and MFRS 16
- Discussions on lessons learnt to date
- Practical issues faced by reporting entities
- Certain considerations under COVID-19
Overall, this training seeks to provide the participants with high level coverage of the essentials of both MFRS 15 and MFRS 16, the challenges that entities face and the future expectations in financial reporting related to these two standards.
- Explain the basics of MFRS 15 and MFRS 16
- Discuss the challenges and impacts that businesses face in respect of MFRS 15 and MFRS 16
- Review of lessons learnt so far
- Brief coverage of areas for review and preparation in businesses
Who Should Attend
- Senior Accountants
- Financial Controllers
- Finance Managers
- Accounts executive
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
- Recognition and measurement – 5 step model
- Contract costs
- Challenges and practical insights
- Lessons learnt to date
- COVID-19 discussions
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.
PreviewPreview of Updates on MFRS 15 Revenue from Contract with Customers (as of Sept 2020) (3:53)
StartDownload PPT MFRS 15 Updates (75-pages)
StartDownload PPT Covid-19 Impact on Revenue (37-pages)
StartDownload Examples & Illustrations (6-pages)
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StartVideo #02 (192:45)
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