About this seminar

This introductory course will provide you with a high-level understanding of the key concepts and requirements in IFRS 15 Revenue from Contracts with Customers. This course covers the following:

  • The types of transactions to which IFRS 15 applies

  • Step 1 – identify the contract

  • Step 2 – identify the separate performance obligations

  • Step 3 – determine the transaction price

  • Step 4 – allocate the transaction price to the performance obligations

  • Step 5 – recognise revenue when each performance obligation has been satisfied.

How this seminar can help your business

Investors typically consider revenue to be one of the key indicators of the financial performance of an entity. However, it can be challenging for preparers of financial statements to understand the complex requirements included within IFRS 15. This course provides you with a brief overview of the main requirements of the Standard, including easy to understand examples that illustrate key concepts and requirements.

Meet your course instructors

IFRS Instructor

Aletta Boshoff

Aletta is an Advisory Partner and National Leader of IFRS & Corporate Reporting at BDO in Australia. Aletta has over 25 years’ experience in financial reporting and accounting, including IFRS. Aletta has lectured on financial accounting and reporting, auditing and assurance and taxation at various Australian and South African universities. As an Associate Professor, she authored various financial reporting and accounting textbooks. Aletta also spent several years as a Project Manager at the Australian Accounting Standards Board (AASB).

IFRS Instructor

Dean Ardern

Dean has been advising on IFRS and other financial reporting matters for over 15 years. Having worked with a range of clients in both the for-profit and not-for-profit sectors, Dean understands the challenges preparers face. Dean has presented academic and professional training seminars and published papers on various topics in financial accounting and reporting in Australia and internationally. Dean has also participated in various professional liaison and working groups, including the AASB’s Disclosure Initiative Project Advisory Panel and the Institute of Actuaries of Australia’s Insurance Accounting Standards Committee.