IFRS 15 Revenue Recognition & IFRS 16 Leases

IFRS 15 specifies how and when a company should recognise revenue through a single, principles based five-step model to be applied to all contracts with customers. IFRS 16 specifies how a company should recognise and measure leases through the application of a single lessee accounting model, which requires lessees to recognise assets and liabilities for most leases. During this session we shall be delving into both accounting standards, including any relevant presentation and disclosure requirements.

The Speaker

Georges Xuereb provides IFRS and GAPSME advice and delivers accounting topic papers to his clients on complex technical accounting matters. He also assists clients operating in diverse industries in the preparation of their separate and consolidated financial statements in accordance with IFRS or GAPSME. His area of focus in these diverse industries includes consolidations and business combinations and implementation of recently issued IFRSs. Georges also implements Excel-based consolidation tools to large groups to improve their consolidation reporting process, with a focus on quality and complex accounting requirements and reducing reporting timeframes. Georges delivers technical training and presentations on IFRS matters both internally to his colleagues and to his clients, and delivered lectures on the Financial Reporting and Strategic Business Reporting modules to students as part of their studies in fulfilment of the ACCA qualification.