$448.22

Engineering & Construction Masterclass - AASB 15

Event Information

Share this event

Date and Time

Location

Location

BDO

38 Station St

Subiaco, WA 6008

Australia

View Map

Event description

Description

AASB 15 implementation in the Engineering and Construction industry
10 May 2018

Companies in the engineering and construction sector have historically followed industry-specific guidance to account for revenue. The implementation of AASB 15 “Revenue from Contracts with Customers” will result in significant changes to the timing and recognition of revenue for most engineering and construction companies.

In this Masterclass Wayne Basford will provide a practical insights about how to calculate revenue when:

  • Two or more contracts are to be linked and combined
  • The impact of contract modifications
  • How to identify performance obligations in sales contracts and what factors to consider when determining whether they are distinct
  • Treatment of awards and liquidated damages and when to incorporate their effects in recognising revenue
  • Handling transition

Transition occurred on 1 January for December reporters and the 1 July 2018 transition date is fast approaching for June reporters. It is time to apply this standard.

This hands on masterclass, run by BDO IFRS Advisory experts Wayne Basford and Susan Oldmeadow-Hall will assist you in preparing for transition, taking you through a practical case studies to understand how to implement this standard.

Who should attend: Chief Financial Officers, Financial Controllers, Finance Managers, Accountants, Auditors and those involved in any aspects of financial or corporate reporting.

Share with friends

Date and Time

Location

BDO

38 Station St

Subiaco, WA 6008

Australia

View Map

Save This Event

Event Saved