IFRS 15 and IFRS 16 Refresher - Revenue and Leases

Objectives

IFRS 15 and 16 remain two of the more challenging of the recently issued IFRS, this session is designed to help auditors and preparers meet this challenge. The objective is to consider the practical application problems presented by these IFRS and to explain, workable and acceptable solutions.

Key topics

• The 5-step process central to IFRS 15
• What is a performance obligation and valuation issues.
• IFRS 15 – problem areas, variable consideration, and multiple deliverables for example
• IFRS 16 – scope, what is a lease.
• Valuation of lease liabilities and right of use assets

Who should attend

Accountants and auditors at all levels involved in the preparation of financial statements in accordance with IFRS.