A series of HKICPA workshops on HKFRS 15 are available for participants to learn how to apply the Standard in depth through a range of practical examples and exercises. The workshops share experience of some common implementation issues identified in the first year of application of the Standard.

These workshops provide a brief overview of the key requirements of HKFRS 15 and focus on applying HKFRS 15 to real-life examples and share practical tips on key implementation issues observed in practice in each of the steps of the 5-step revenue model in HKFRS 15. They also highlight the new disclosure requirements and common difficulties.

This workshop highlights the implementation issues observed in the last step of the 5-step revenue model and also discusses other key areas of the Standard, including the principal versus agent assessment, contract modifications and presentation and disclosures.