Thursday 1 November 2018


2:30 pm


1.5 CDP hours

Session Topic

Problem issues in AASB 15 Revenue from Contracts with Customer

AASB 15 has been live since 1 January for for-profit entities. It is a complex standard and affects a key performance measurement – revenue. Analysing AASB 15 implementation and questions arising from it, this session will look at several of the difficult issues encountered and how to resolve them.

Questions will be sought in advance and addressed. Areas to be covered include:

  • Performance obligations and their satisfaction
  • Principal versus agent relationships
  • Variable consideration
  • Onerous performance obligations
  • Sale with a right of return and warranties, and
  • Identifying and capitalisation of contract costs.
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This session is presented by:

Corporate Headshot

Carmen Ridley

Principal | Australian Financial Reporting Solutions

Carmen has an excellent knowledge of financial reporting through significant experience with a number of major accounting firms in both the external audit and technical divisions and spending significant time analysing and interpreting accounting standards for clients.

Carmen is a former Board member of the AASB (2012 – 2020) and a former member of the IFRS for SME implementation committee (2020 – 2023).