IFRS 15 and IFRS 16 Training Course
REVENUE FROM CONTRACT WITH CUSTOMERS & LEASESS
The Ed-Watch program includes IFRS 15 courses — Revenue from Contract with Customers and IFRS 16 – Leases.
The IFRS 15 course comes with:
- One-month access to self-paced full classes of the two standards
- 2-day Virtual classes, 4 hours a day with practical questions and solutions
This program provides step-by-step knowledge and skills for applying, measuring, implementing, recognizing, and maintaining the two critical accounting standards. Gain hands-on experience through models, case studies, assignments, and practical problems.
The course also offers a one-hour extra class at the end of the month, at the clients’ request.
IFRS 15 Course – Revenue from Contract with Customers:
OBJECTIVES OF THE PROGRAM:
At the end of the program, participants should be able to:
- Understand the five steps for revenue recognition
- Decide if the item of the income is in the scope of the IFRS 15 standard
- Identify the contract with a customer
- Determine performance obligations
- Determine the transaction price
- Allocate the transaction price to performance obligation, and recognize revenue
- Apply the criteria for revenue recognition:
- under IFRS 15 to different scenarios
- Understand the disclosure requirements.
IFRS 16 Course – Leases:
OBJECTIVES OF THE PROGRAM:
At the end of the program, participants should be able to:
- Identify, recognize, measure, present, and disclose assets under IFRS-16
- Implement and incorporate IFRS-16 in all industries, particularly those
- Impacted highly by the standard
- Comprehend the impact of termination, revision, cancellation, and others
- Understand and account for Modifications to leases and where a re-measurement is required
- Comprehend sub-leases and sale and leaseback transactions
- Train and, mentor their teams on how to identify, recognize and disclose leases
Methadology:
The program will be highly interactive, with opportunities to advance opinions and ideas. Participation is encouraged in a supportive environment. To ensure the concepts introduced during the program are understood, they will be reinforced through a mix of learning methods, including lecture style presentation, open discussion, case studies, exercises, and group work.
Course Coverage:
This course covers the five-step revenue recognition model established by IFRS 15 in detail, and uses a range of tools and techniques, such as videos, real-life case studies, quizzes, and assessments, to engage participants and for enhanced understanding of the standard.
At the end of the course, the participants should be able to:
- Understand the five steps for revenue recognition, to Decide if the item of income is in the scope of the IFRS 15 standard
- Identify the contract with a customer,
- Determine performance obligation,
- Determine the transaction price,
- Allocate the transaction price to performance obligation, and Recognize revenue
- Apply the criteria for revenue recognition under IFRS 15 to different scenarios.
- Understand the disclosure requirements.
This course has been designed to provide step-by-step knowledge for the application, implementation, and maintenance of leases under IFRS-16 with examples for every concept/ situation covered.
Starts with the basic knowledge and understanding of what the reasons were for replacing IAS 17 with IFRS 16 and how does the latter differ from the other. The course later takes a deep dive into the identification of leases, lease term and recognition, measurement, presentation, and disclosure in the books of lessee and lessor. The course also covers “sub-lease” and “sale and lease back” arrangements in detail.
At the end of the course, you should be able to:
- Identify, recognize, measure, present and disclose assets under IFRS-16
- Implement and incorporate IFRS-16 in all industries, particularly those
- Impacted highly by the standard
- Comprehend the impact of termination, revision, cancellation and other
- Modifications to leases
- Train and mentor your team on leases
Credit Hours
8 Hours
Delivery Channel
Virtual and Self-Paced lessons
Date and Time
October 24 & 25, 2024
Certificate
Certificate Program
Difficulty
Beginner to Expert
Participants:
- Heads of Finance
- Management Accountants
- Financial Reporting Managers
- Credit Risk Analysts
- Internal Auditors
- Financial Analysts
Date and Time:
- Two days virtual training program.
- Self-paced program, available 24/7 on LMS
- 24 & 25 October 2024
- Timing 9:00 AM – 1:00 PM (GMT+5)
- 8 Credit Hours Training
Certificate:
Participants will receive a successful course completion certificate.
Survey:
At the end of each Program we carry out a survey to ensure our participants receive the best of our services.
Trainer:
SANA QUADRI
IFRS Expert l Financial Storyteller l Digital Enthusiast
Financial leader and digital champion, Ms. Sana boasts over 15+ years of experience driving process improvement and innovation. As a seasoned finance expert, she’s held senior roles at renowned institutions like Telenor Microfinance Bank (Director of Financial Reporting) and Lakson Investments & Next Capital (CFO). Throughout her career, she’s tackled diverse projects in the financial services industry, notably in digital transformation of finance function, internal controls over financial reporting, bookkeeping structure for core banking, corporate governance and IFRS implementation (16, 9, 15).
Leveraging her deep accounting and finance expertise, Ms. Sana has evolved into a sought-after trainer, empowering others through her knowledge of IFRSs, Financial Reporting & Analysis, and Financial Storytelling. Her “IFRS Practical Issues Series” program provides a platform for accountants to learn and collaborate on real-world challenges.
Recognizing the ever-growing need for digital skills, Ms. Sana embraced her entrepreneurial spirit and founded Ed-Watch. This initiative prioritizes equipping individuals and organizations with the skills needed to thrive in the digital age.
Her commitment extends beyond the corporate world. As a Chartered Accountant (PwC alumna), Ms. Sana champions inclusivity. She led the development of ICAP’s “Women Inclusion Guidelines” and actively participates in committees like “Economic Advisory & Government Relations” and “Women’s Committee.” Her research on “Increasing the tax net in Pakistan” was published in “The Pakistan Accountant” under the title “Time to tackle taxation Jams.”
Ms. Sana currently wears two hats: CEO of Ed-Watch and financial consultant/ controller at HugoBank, one of Pakistan’s pioneering digital banks. Established by the prominent global players GETZ and Atlas, HugoBank leverages their extensive experience and resources. At Hugo Bank, she’s building the financial foundation, paving the way for growth and success in this innovative landscape.