IFRS Series: Mastering in IFRS 9, IFRS 15 and IFRS 16 with Its Retrospective Implementation

Date: 1st 2nd,3rd and 4th December 2020 at 2.00-5.00 pm

Objective

Financial instruments (IFRS 9) such as trade receivables and investments in marketable securities are almost certainly owned by every company, as well as contracts with customers relating to goods or services provided (IFRS 15) and rental transactions (IFRS 16). The 3 days series of Mastering IFRS will give you comprehensive understanding with the new standards.

Audience: Finance and accounting department, taxation, accounting academicians

Format:

Fee and registration:

  • Early bird with credit card payment before 15th November 2020: USD 240
  • Normal registration fee: USD 280
  • Deadline of the application: 27th November 2020

Certificate:

  • Successful candidates will be awarded with certificate and transcript.

Training platform: Zoom

Application Software :Spreadsheet

Speaker:
Mr. Ahalik, CPA, CMA, CA, Asean CPA
Partner of Public Accountant Firm, Accounting Lecturer, and Autho

Course Content:

No

Date

Topic

Sub – Topic

1

Tuesdat, 1st  December 2020, at 2:00-5:00 PM

Wednesday, 2nd December 2020 at 2:00-5:00 PM

IFRS 9 (Financial Instruments) effective on 1 January 2018

 

  1. Category of financial instruments
  2. Classification of financial instruments
  3. Business model and cash flow characteristics
  4. Amortized Cost (AC), FVTOCI, FVTPL
  5. Effective Interest Rate (EIR)
  6. Impairment of stage 1, 2, and 3
  7. Expected Credit Loss = Probability of Default x Loss Given Default x Exposure at Default
  8. Derivatives & Hedging

2

Thursday, 3rd December 2020, at 2.00-5.00 PM

IFRS 15 (Revenue from Contract with Customer) effective from 1 January 2018

 

  1. 5 steps model in revenue recognition
  2. Principle basis in revenue recognition
  3. Revenue recognition at a point in time and over time for service, trading, and manufacturing company
  4. Revenue recognition in real estate and construction industry
  5. Principle vs agent

3

Friday, 4th December 2020, at 2.00-5.00 PM

IFRS 16 (Leases) effective from 1 January 2019

 

  1. Lease criteria
  2. Principle based in lease
  3. Operating lease and financial lease for lessee and lessor
  4. Short term lease and low value asset
  5. Determining Implicit rate and incremental rate

 

Payment:

Payment by Credit card: please download the credit card payment form and kindly fill up the information that requires then send it back to Ms. Thaniya Jirasathitpornpong, the Program Coordinator at thaniya@ait.ac.th

Payment by bank transfer:
Pls. transfer your registration fee in full to:

Account Name: Asian Institute of Technology
Account Number: Current A/C no. 468-046301-2
Bank Name: Siam Commercial Bank Co., LTD
Thamasart Hospital Sub-branch
Pathumthani 12120, THAILAND
SWIFT CODE: SICOTHBK

or
Account Name: Asian Institute of Technology
Account Number: 381-100099-9
Bank Name: Kasikorn Bank Public Company Limited
KlongLuang Branch
Pathumthani 12120, Thailand
SWIFT CODE: KASITHBK

** Pls. provide a copy of the pay-in-slip or transfer statement to Ms. Thaniya Jirasathitpornpong at thaniya@ait.ac.th or Ms. Marilyn Alcantra at malcantara@ait.ac.th for reference and registration confirmation.

Term & Conditions: The Organizer reserves the right to change and/or cancel the training program due to unforeseen circumstances or low enrollment.

 

 

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