This session, the second of three addressing AASB 15 Revenue from Customer Contracts, will cover steps three and four of the five-step process. Step three looks at variable consideration determination, non-cash consideration, and payments to customers. Step four examines the basis of allocation, the absence of a stand-alone market price, and discounts.
Monday 8 May 2017
This session is presented by:
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.
Audit and risk management expert
Sonya is a registered company auditor, registered superannuation auditor and quality-control reviewer, CAANZ. Sonya specialises in risk management, implementation of audit quality through development of audit systems and processes, and interpretation and advice on generally accepted accounting and auditing principles. Sonya has over 15 years’ experience in auditing and financial reporting, bringing a collaborative style and balancing technical aspects with practical recommenations to clients.