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.
Session Topic
New AASB 15 (Part 2) – determining and allocating the transition price to performance obligations
This session is presented by:
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 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.