New IFRS 15 - Revenue & IFRS 16 - Leases - PwC
New IFRS 15 - Revenue& IFRS 16 - LeasesTraining Programme
New IFRS 15 & IFRS 16Are you ready?PwC’s Academy BulgariaTraining ProgrammeKey features:Part 1: General Training withcomprehensive coverage of the newIFRS 15 and IFRS 16Large number of practical examples andcase studiesPart 2: 4 Industry SpecificWorkshops with focus on IFRS 15Retail & Consumer, Technology,Construction & Engineering, PharmaVenue:PwC’s AcademySofia 1000, Maria Luisa Blvd. 9-11Price:200 EUR ( VAT) for a single trainingEarly bird: 180 Euro ( VAT)*Package:350 EUR ( VAT) for General Training 1 Industry specific workshopEarly Bird: 300 EUR ( VAT)*Language: Bulgarian**Could be delivered in English as well*Early bird price is valid until 11.03.2017Registration:
Part1General Training on IFRS 15 and IFRS 161. IFRS 15 – Revenue from contracts with customers Scope and identification of the contractDate: Identifying performance obligations11.04.2017 Determining the transaction price Allocating the transaction price to separate performanceobligationsDuration: Recognizing revenue Options to acquire additional goods and services1 day Practical application issues LicensesIFRS 15 Principal versus agent considerations Contract costs Presentation and disclosureIFRS 16 Effective date and transition2. IFRS 16 – LeasesPart24 Industry Specific Workshops focused on IFRS 15Choose Your Industry Specific Workshop:Duration:1 day 10.05.2017 – Retail & Consumer Industry29.05.2017 – Pharmaceutical Industry30.05.2017 – Construction, Engineering and RealEstate Industry31.05.2017 – Technology IndustryLecturer:The Programme canbe delivered as anin-house trainingsolution according toyour specific needsGueorgui NikolovAssurance DirectorPwC BulgariaM: 359 898 544 059gueorgui.nikolov@bg.pwc.comFor more information or registration, please contact us at: pwcacademy.bulgaria@bg.pwc.com
Retail & Consumer Industry Workshop1 DayDate:10.05.2017A single globalstandard willreplace specificindustry guidanceon how companiesrecognize revenueProgramme1. Right of return with example2. Consignment arrangements and sell-throughapproach3. FOB synthetic destination4. Customer incentives Performance obligations Options to acquire additional goods or services Consideration payable to a customer Variable consideration5. Loyalty programs6. Gift cards7. Licenses and franchise agreements8. Warranties9. Amounts collected on behalf of third parties10. Bill and hold arrangements
Pharmaceutical Industry Workshop1 DayProgramme1. Scope2. Licenses and rights to use3. Variable consideration and the constraint onrevenue recognition4. Milestone payments5. Royalties6. Rebates, price protection and other discountsand incentives7. Sales to distributors and consignment stock8. Collaborations and licensing arrangements9. Other considerations Time value of money Collectability Bill-and-hold arrangements Government vaccine stockpile programs Product warranties10. DisclosuresDate:29.05.2017Many parts of abusiness aretied to revenue,so plan forchanges inpractices,processes, andsystems
Construction, Engineering and Real EstateWorkshop, 1 ks and ensureyou meet therequirements ofthe new revenuerecognitionstandard1. Defining the contract Combining contracts Contract modifications2. Determining the transaction price Awards/incentive programs Customer-furnished materials Claims Time value of money3. Accounting for multiple performanceobligations4. Allocating the transaction price5. Recognising revenue Transfer of control Measuring performance obligationssatisfied over time6. Other considerations Warranties Contract costs Contract assets and liabilities Onerous performance obligations7. Pre-sale of multi-apartment units – timingof revenue recognition (over time or point intime)
Technology Industry Workshop1 DayProgrammeDate:31.05.2017Start preparingnow to figure outhow the standardaffects yourfinancial picture,your investors,and the way youdo business1. Multiple-element arrangements Sale of software and implementationservices Sale of software andcustomization/integration services Sale of hardware and installation services2. Elimination of software-specific guidance Software arrangements involving multipleelements Post-contract customer support Specific upgrades and roadmaps Extended payment terms3. Variable consideration4. Sell-through approach5. Allocation of transaction price6. Consulting and manufacturing servicecontracts7. Intellectual property licenses8. Right of return9. Product warranties10. FOB synthetic destination shipping
New IFRS 15 & IFRS 16Are you ready?You will need to consider changes well in advance of deadline foradopting the new standards, and determine the level of impact onyour business. In particular, companies with large number ofcustomer contracts, who offer bundled products and services,provide warranties or rebates, or have contracts where theamount of consideration varies, should assess the impact now.PwC is already working with anumber of large companies aroundthe world to manage their transitionto the new standard. We havedeveloped an approach that drawson our expertise in accounting &reporting, systems implementationand transaction structuring todeliver an integrated solution, andcan help you to manage theimplementation project from startto finish.We have a global network ofmulti-disciplinary and cross industryspecialists in each country, with proventools, best practices and changemethodology, who can assist youwith understanding the financialand cross-functional implicationsand preparing a roadmap forimplementation of the newrevenue recognition requirementsin an integrated, measured,efficient and consistent way.If you need more information, do not hesitate to contact us:Gueorgui NikolovMaria RatzAssurance Director PwC BulgariaDirect: 359 898 544 059Email: gueorgui.nikolov@bg.pwc.comPwC’s Academy LeaderDirect: 359 894 331 415Email: maria.ratz@bg.pwc.com 2017 PricewaterhouseCoopers Audit OOD. All rights reserved. In this document, “PwC” refers toPricewaterhouseCoopers Audit OOD which is a member firm of PricewaterhouseCoopers InternationalLimited, each member firm of which is a separate legal entity.
New IFRS 15 & IFRS 16 Are you ready? PwC’s Academy Bulgaria Training Programme Part 1: General Training with comprehensive coverage of the new IFRS 15 and IFRS 16 Large number of practical examples and case studies Key features: Venue: PwC’s Academy Sofia 1000, Maria Lui
(a) IFRS 9 Financial Instruments (Part A); and (b) IFRS 15 Revenue from Contracts with Customers (Part B). Introduction 2 IFRS 17 is effective from 1 January 2021. An insurer can choose to apply IFRS 17 before that date but only if it also applies IFRS 9. 3 The paper considers components of IFRS 9 and IFRS 15 that are relevant to the
standard and the related interpretations under IFRS. The new revenue recognition standard introduces a new model for revenue recognition, and while it may not have a . a 45% probability that nine mobile phones will be returned, and a 15% probability. 3 that 18 mobile phones will be returned. The retailer also concludes it is probable (highly .File Size: 285KBPage Count: 22Explore furtherIFRS 15 — Revenue from Contracts with Customerswww.iasplus.comIFRS 15 Revenue from Contracts with Customerswww2.deloitte.comPwC - IFRS 15: Revenue: IFRS reporting: Audit & assurance .www.pwc.comRevenue – IFRS 15 handbook - KPMGhome.kpmgIFRS 15 solutions for the retail and consumer industrywww.pwc.comRecommended to you b
IFRS 17 basics IFRS 17 is the new accounting standard for Insurance Contracts published 18 May 2017 Replace the interim standard IFRS 4 (not standardized across jurisdictions) EU endorsement still under process Go-live 1st January 2022 18 May 2017 IFRS 17 Publication Effective application of IFRS 17 & IFRS 9 1st January 2022 IFRS 17 Go-live ! Transitory
New IFRS Standards—IFRS 16 Leases Page 1 of 26 . Agenda ref 30E STAFF PAPER June 2019 IASB Meeting Project Comprehensive review of the IFRS for SMEs Standard Paper topic New IFRS Standards—IFRS 16 Leases CONTACT(S) Yousouf Hansye ykhansye@ifrs.org 44 (0) 20 7246 6470
1 Overview of IFRS 9 and implementation plan in Thailand 2 IFRS 9 Classification and Measurement 3 IFRS 9 Impairment 4 IFRS 9 Hedge accounting 5 Transition requirements (with applying IFRS 9 with IFRS 4 phase II) 6 Concluding remark
IFRS and US GAAP: similarities and differences IFRS first-time adoption IFRS 1, First-Time Adoption of International Financial Reporting Standards, is the standard that is applied during preparation of a company's first IFRS-based financial statements. IFRS 1 was created to help companies transition to IFRS and provides practical
SAP Revenue Accounting and Reporting and IFRS 15 contains the foundations of the IFRS 15 standards, the usage and migration process of SAP RAR, and business cases from telecom and high-tech industries. In this sample, explore the foun-dations of IFRS, the impact of the new standards (IFRS 15), and SAP's answer: SAP RAR. Dayakar Domala, Koti .
ALEX RIDER SERIES POINT BLANK GOING DOWN MICHAEL J. ROSCOE was a careful man. The car that drove him to work at quarter past seven each morning was a custom-made Mercedes with reinforced steel plates and bulletproof windows. His driver, a retired FBI agent, carried a Beretta subcompact automatic pistol and knew how to use it. There were just .
