Completed
Date

Thursday 14 November 2019

Time

2:30 pm

Duration

1.5 CPD hours

Session Topic

Lessons from first-year reporting under AASB 15 Revenue from Contracts with Customers

Preparers and auditors have been through the first reporting season for AASB 15 Revenue from Contracts with Customers. Some were unprepared for its complexities and poor practices resulted. Like other accounting standards, AASB 15 must be reassessed at each reporting date. This session will focus on:

  • Examples of how for-profits have implemented AASB 15
  • The issues that have arisen on their first-time application
  • Examples of reporting practices, and
  • Addressing the ongoing requirements of AASB 15.
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This session is presented by:

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Carmen Ridley

Principal of 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 the co-author of ‘Understanding and Implementing the Reduced Disclosure Regime’. Carmen is serving her third three-year term as a member of the AASB.