Thursday 15 November 2018


12:00 pm


1.5 CDP hours

Session Topic

Implementing AASB 15 Revenue from Contracts with Customer disclosures

Many preparers and auditors might think that the heavy lifting is over when AASB 15’s recognition and measurement requirements are done. Not so. The disclosure (and presentation rules) will also prove a challenge. They are substantial. Disclosures are entity-specific and require systematic judgement to ensure that they are appropriate for users. Copying from a model set of financial statements is not going to cut it. This session will:

  • Profile the presentation requirements
  • Describe the disclosure objective and the application of materiality
  • Address the specific disclosures required for contracts with customers, performance obligations, significant judgements, and for assets recognised from the costs to obtain or fulfil a contract with a customer
  • Provide examples of the disclosures of early adopters, and
  • Recap general disclosure rules for changes in accounting policies.
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This session is presented by:

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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).