This one-day workshop provides insights and practical tools to increase participant's understanding of the new requirements in HKFRS 15. The instructors will take you through the new requirements with illustrative examples and case studies. Participants are encouraged to discuss relevant considerations and treatments in applying the standard and responding to events requiring attention.

This workshop covers:

• In-depth learning of the new five-step approach
• Understand the solutions to common questions, such as how to define the contract, when to combine contracts and when and how to account for contract modifications; how to unbundle performance obligations; how to define contract price including variable consideration; how to measure performance using recognition methods
• Transition options
• Presentation and disclosure

Participants are recommended to attend the Institute's e-seminar: HKFRS 15 Revenue from Contracts with Customers (duration: 1.5 hours) before attending the workshop. For details, please refer to the e-seminar.