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The new accounting standard on ‘Revenue Recognition International Financial Reporting Standards (IFRS 15)’ and ‘Leasing (IFRS 16)’ are expected to be implemented in India from 2018 and 2019 onwards respectively, and are slated to bring sweeping changes in the way revenue and leasing arrangements are recognised by companies. Though this situation throws up challenges across new information requirements and reporting disclosures requiring significant system and process changes, KPMG in India believes that this is an opportunity for many organisations to re-evaluate their accounting policies, processes, systems and technology.

One of the first ways to embrace these significant accounting changes is to better understand the changes required by IFRS 15 and IFRS 16 and their impact on the businesses. KPMG in India’s learning methodologies on these new standards help companies with this objective by providing learners with a basic understanding of these standards. The courses break down the complex standards, making them easily accessible and comprehensible in short, standalone modules. With our digital offerings, you can have repeat learning value and could be used as refresher learning for a range of stakeholders.


IFRS 15 – Revenue from contracts with customers

Learning objectives

  • Understanding whether the arrangements are within the scope of Ind AS 115
  • Identifying separate performance obligations in a contract
  • Determining the transaction price and how to allocate transaction price to the separate performance obligations identified in a contract
  • Determining whether a performance obligation is satisfied at a point in time or over time
  • Identifying the contract costs that are eligible for capitalisation
  • Identifying the reporting and disclosure requirements
  • Assessing the nature of contract modifications and the accounting treatment
  • Gaining a deeper understanding of how to account for contracts that include a right of return and/or warranty arrangements.

Learning units

  • Module 1: IFRS 15 – Identifying contract and separate performance obligations
  • Module 2: IFRS 15 – Determining and allocate transaction price
  • Module 3: IFRS 15 – Recognising revenue and contract costs
  • Module 4: IFRS 15 – Application guidance.


IFRS 16 - Leases

Learning objectives

  • Understanding the factors to consider in determining whether a contract is, or contains, a lease
  • Identifying the two types of leases where a lessee can apply recognition exemptions
  • Determining the key inputs in measuring the lease liability and the right-of-use asset
  • Knowing when to re-measure the lease liability and which discount rate to apply
  • Identifying the nature of a lease modification and the related accounting treatment
  • Applying the requirements to separate lease and non-lease components and determining the related accounting treatment
  • Conducting sale-and-leaseback transaction accounting
  • Accounting for sub-lease transactions.

Learning units

  • Module 1: IFRS 16 – Identifying a lease
  • Module 2: IFRS 16 – Lease accounting under the new standard – Part 1
  • Module 3: IFRS 16 – Lease accounting under the new standard – Part 2.


KPMG in India’s Learning Management System

These courses are hosted on KPMG in India’s Learning Management System (LMS) which offers a broad range services from user account and content management to the delivery and monitoring of the training programme and has features such as:

  • An intuitive and personalised interface with a search functionality that inspires practitioners to learn continuously
  • Ability to access learning content anytime anywhere. Learners can pause and resume at will
  • Collaborative learning that encourages learners to share best practices, discuss learning concepts and work together on projects.


The KPMG in India advantage

  • Participants will be provided access to the LMS for a period of three months from the date of registration
  • Dedicated Accounting Advisory practice with more than 350 professionals with experience of over 300 IFRS/Ind AS conversion projects across industry sectors
  • Dedicated learning solutions group comprising over 30 professionals – proprietary training content to provide practical insights
  • Trained over 7,500 professionals on IFRS/ Ind AS from over 200 corporates across industry sectors
  • KPMG in India will award a certificate of participation to participants who complete e-learning and have appeared in the test conducted at the end of the course.


Who should attend?

  • Chief Financial Officers (CFOs), finance directors and strategic planners
  • Accountants, analysts and auditors
  • Investment bankers and corporate bankers
  • Private equity and merger and acquisition specialists
  • Consultants, practising Chartered Accountants, Company Secretaries and Cost Accountants
  • Professionals from Indian companies with a global presence
  • Graduates who are part of finance/accounting teams.

For further details/clarifications and registration, please contact:

Contact person Contact details
Sakshi Chopra +919999470422
Anuankit Panda +918447292235

 

To downlaod brochure click here.

 

IFRS 15 – Revenue from contracts with customers

Learning objectives

  • Understanding whether the arrangements are within the scope of Ind AS 115
  • Identifying separate performance obligations in a contract
  • Determining the transaction price and how to allocate transaction price to the separate performance obligations identified in a contract
  • Determining whether a performance obligation is satisfied at a point in time or over time
  • Identifying the contract costs that are eligible for capitalisation
  • Identifying the reporting and disclosure requirements
  • Assessing the nature of contract modifications and the accounting treatment
  • Gaining a deeper understanding of how to account for contracts that include a right of return and/or warranty arrangements.

Learning units

  • Module 1: IFRS 15 – Identifying contract and separate performance obligations
  • Module 2: IFRS 15 – Determining and allocate transaction price
  • Module 3: IFRS 15 – Recognising revenue and contract costs
  • Module 4: IFRS 15 – Application guidance.

IFRS 16 - Leases

Learning objectives

  • Understanding the factors to consider in determining whether a contract is, or contains, a lease
  • Identifying the two types of leases where a lessee can apply recognition exemptions
  • Determining the key inputs in measuring the lease liability and the right-of-use asset
  • Knowing when to re-measure the lease liability and which discount rate to apply
  • Identifying the nature of a lease modification and the related accounting treatment
  • Applying the requirements to separate lease and non-lease components and determining the related accounting treatment
  • Conducting sale-and-leaseback transaction accounting
  • Accounting for sub-lease transactions.

Learning units

  • Module 1: IFRS 16 – Identifying a lease
  • Module 2: IFRS 16 – Lease accounting under the new standard – Part 1
  • Module 3: IFRS 16 – Lease accounting under the new standard – Part 2.

KPMG in India’s Learning Management System

These courses are hosted on KPMG in India’s Learning Management System (LMS) which offers a broad range services from user account and content management to the delivery and monitoring of the training programme and has features such as:

  • An intuitive and personalised interface with a search functionality that inspires practitioners to learn continuously
  • Ability to access learning content anytime anywhere. Learners can pause and resume at will
  • Collaborative learning that encourages learners to share best practices, discuss learning concepts and work together on projects.

The KPMG in India advantage

  • Participants will be provided access to the LMS for a period of three months from the date of registration
  • Dedicated Accounting Advisory practice with more than 350 professionals with experience of over 300 IFRS/Ind AS conversion projects across industry sectors
  • Dedicated learning solutions group comprising over 30 professionals – proprietary training content to provide practical insights
  • Trained over 7,500 professionals on IFRS/ Ind AS from over 200 corporates across industry sectors
  • KPMG in India will award a certificate of participation to participants who complete e-learning and have appeared in the test conducted at the end of the course.

Who should attend?

  • Chief Financial Officers (CFOs), finance directors and strategic planners
  • Accountants, analysts and auditors
  • Investment bankers and corporate bankers
  • Private equity and merger and acquisition specialists
  • Consultants, practising Chartered Accountants, Company Secretaries and Cost Accountants
  • Professionals from Indian companies with a global presence
  • Graduates who are part of finance/accounting teams.

For further details/clarifications and registration, please contact:

Contact person Contact details
Sakshi Chopra +919999470422
Anuankit Panda +918447292235

 

To downlaod brochure click here.

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