• GT Bharat & Learning & Development Academy

Workshop on Ind As 115 – One day workshop

Workshop on Ind As 115 – One day workshop

MCA has recently notified the new accounting standards on revenue, Ind AS 115 – Revenue from Contracts with Customers, mandatorily applicable from 1 April 2018.

IASB has already issued the corresponding standard which is applicable from 1 January 2018. This standard represents the culmination of years of research and deliberation between IASB and FASB.

Ind AS 115/IFRS 15 will apply to most revenue arrangements, including construction contracts. Among other things, it changes the criteria for determining whether revenue is recognised at a point in time or over time and provides more guidance in areas where current IFRSs are lacking – such as multiple element arrangements, variable pricing, rights of return, warranties and licensing. The actual impact on each company’s top line will depend on the industry, specific customer contracts and how they have applied existing standards.

Programme agenda

  1. Ind AS 115/IFRS 15 – Revenue from Contracts with Customers
    • Requirements under Ind AS 115
  2. Five-Step model to recognise revenue in any contract
    • Treatment of contract modification
    • Contracts with multiple performance obligations
  3. Difference between old revenue standard Ind AS 18 and Ind AS 11 and Ind AS 115
  4. Impact of Ind AS 115 on different industries
  5. Transition from Ind AS 18 and Ind AS 11 to Ind AS 115

Our deliverables

Our deliverables

  • One-day session on Ind AS 115/ IFRS 15
  • Handouts of presentations used during session
  • Case studies
  • Post-training support – Query management
  • Certificate of participation

Who should attend

  • Chartered Accountants
  • Professionals working in finance and accounts function across industries
  • Consultants supporting in implementation of new standards
  • Revenue managers

Fees and schedule

Fees

INR 8,000 per participant (excluding taxes)

Inclusions:

  • One day classroom session
  • Handouts of our course material
  • Certificate of participation
  • Refreshments during sessions

Schedule

City Schedule Venue
Delhi To be notified Grant Thornton
6th floor, Worldmark 2,
Aerocity, New Delhi,
Delhi - 110037
Bangalore To be notified Grant Thornton
5th Floor, 65/2, Block A,
Bagmane Tridib,
Bagmane Tech Park,
C V Raman Nagar,
Bengaluru - 560 093
Mumbai To be notified To be notified

Cancellation and refund policy

The refund policy in case of withdrawal of nomination would work as follows:-

  • A refund of 50% of the fee would be provided for cancellation requests received up to five working days before the training start date
  • Participants who cancel in less than five working days, or there is no show on the training date are  liable to pay the full course fee and would not be entitled to refunds.

Cancellations must be made via emails only. However desirous participants can be accommodated in the future batches of program, without paying anything extra. It is requested that willingness to attend any future program should be communicated at the earliest convenience.