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DTSTART:20260101T000000
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DTSTART;TZID=Europe/Moscow:20260324T160000
DTEND;TZID=Europe/Moscow:20260324T180000
DTSTAMP:20260419T024701
CREATED:20251217T075320Z
LAST-MODIFIED:20251217T075757Z
UID:10003230-1774368000-1774375200@www.icpak.com
SUMMARY:Webinar IFRS 15 - Revenue from contracts with customers
DESCRIPTION:THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under the Accountants Act\, Laws of Kenya) \nIFRS 15 – Revenue from contracts with customers\nDate: 24th March 2026\nTime: 4.00pm-6.00pm\nVenue: Virtual \nOverview \nBefore IFRS 15 came into effect\, revenue recognition in Kenya was guided by a patchwork of older standards—mainly IAS 11 (Construction Contracts) and IAS 18 (Revenue)—each with differing principles and inconsistent application across industries. This created challenges in comparability and interpretation\, especially for entities with complex or long-term contracts. \nThe introduction of IFRS 15 – Revenue from Contracts with Customers\, effective January 2018\, revolutionized revenue recognition by introducing a single\, principles-based model applicable to all industries. IFRS 15 established a clear five-step framework for recognizing revenue\, ensuring that financial statements reflect the amount and timing of revenue that truly represents the transfer of goods or services to customers. \nFor Kenyan businesses\, correct application of IFRS 15 is critical in promoting trust\, consistency\, and transparency among investors\, lenders\, regulators\, and clients. The standard continues to be the cornerstone for how companies—from construction and telecommunications to financial services and technology—measure and report revenue from customer contracts. As entities integrate digital business models\, performance-based contracts\, and subscription services\, revisiting IFRS 15’s requirements remain crucial for accurate reporting and compliance. \nICPAK has organized this webinar to discuss the following key areas: \n\nIntroduction to IFRS 15\nThe 5-step revenue recognition model\nTypes of contracts and transaction prices\n\n\nComplex Contract Scenarios & Multi-Element Arrangements: Recognition challenges in bundled goods\, services\, and performance obligations.\n\n\nTypes of warranties under IFRS 15\nPresentation and disclosure requirements\n\n\nVariable Consideration & Revenue Estimation Updates: Latest guidance on handling discounts\, rebates\, and contingent payments.\n\nTarget Audience \nThis workshop will be useful to all professional Accountants and those aspiring to join the profession. \nCPD Units \nMembers of ICPAK and reciprocating professional bodies will be awarded 2 CPD Units upon successfully attending each of the sessions. \nFinancial Commitment \nThe webinar charges are Kes. 1\,000. Charges will cater for the course fees\, learning materials\, and e-certificates of attendance. \nOnline Booking: \nWe call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session.  Delegates are reminded to note that online booking for training sessions is mandatory.   This is available either online at www.icpak.com/events  or on the ICPAK Live – A smart phone-based application that is available from google store. \nNita Reimbursement: \nThe Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke). \nFurther requests can be channeled to us via telephone calls on +254 719 074 100\, or via email to marketing@icpak.com \nWe encourage members to regularly visit our website https://www.icpak.com for updates. \n 
URL:https://www.icpak.com/event/webinar-ifrs-15-revenue-from-contracts-with-customers/
LOCATION:Virtual Delivery
CATEGORIES:Webinars
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