TO ALL MEMBERS OF THE INSTITUTE
The Institute of Certified Public Accountants of Cyprus (ICPAC) has the pleasure to invite you to a seminar, as shown below:
Seminar No:
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18/2024
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Subject:
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IFRS Refresher (IFRS 15 Revenue from Contracts with Customers with practical examples: A: A principal agent relationship B: Significant financing component).
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Language:
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English
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Date & Time:
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Date
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Time
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Venue
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City
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10/04/2024
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09:00 – 13:00
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Atlantica Miramare Beach Hotel
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Limassol
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11/04/2024
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09:00 – 13:00
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Cleopatra Hotel
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Nicosia
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Speakers:
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Costas Seraphim | Professional Qualifications Lead & Consultant, PwC’s Academy
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Purpose:
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The seminar will cover the main aspects of IFRS 15. After explaining the scope of the Standard, we will go through the 5 step model introduced by the Standard in recognizing revenue, explaining, using practical examples, the various complications that might exist in each step with emphasis on determining the transaction price (when there is a significant financing component) and the allocation of the transaction price to the various performance obligations.
The seminar will also cover the treatment of the costs incurred by the company in obtaining a contract. Finally, we will look at the different recognition of revenue in the case we have a Principle as opposed to the case we have an Agent.
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Who should attend:
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The seminar is addressed to all accountants involved in the preparation, audit, and analysis of Financial Statements.
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Participation fee:
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€ 90 (incl. VAT), for ICPAC Members/Students/Graduate Accountants
€ 140 (incl. VAT), for non-ICPAC Members
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CPD units:
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The seminar corresponds to 3,5 CPD units for full attendance.
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Registration process:
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For more information and Registration for the seminar please visit the website of the Institute to the following link.
A follow-up email will be circulated 3 days before the seminar as a reminder.
Register promptly to secure a place at the seminar as the number of places is limited to 120 participants.
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Agenda IFRS Refresher .pdf