Revenue Recognition - An insight on FRS 115 - Workshop 2019

In this workshop, gain a practical perspective understanding of the FRS115 and its application to various business situations.

My Offerings


The objective of FRS 115 is to improve the financial reporting of revenue and improve comparability of the top line in financial statements globally.
Revenue is recognised when the customer obtains control of the goods or services and satisfaction of performance obligation can be over time or at a point in time.

Key Topics Covered:

Session 1

  • Overview of FRS 115
  • Differences in concepts between FRS 18, FRS 11 and FRS 115
  • Key concepts which forms the foundation of FRS 115

Session 2

  • Recognition
  • Performance obligation criteria
  • The five-step approach to revenue recognition
  • Contract modification
  • Variable consideration
  • Application of the distinct criteria in revenue contracts

Session 3
Determining the transaction price

  • variable consideration
  • existence of a significant financing component

Allocating the transaction price to performance obligations

  • based on stand-alone selling prices

Session 4
Satisfaction of performance obligation

  • Concept of control
  • Criteria for satisfaction of performance obligation
  • over time
  • at a point in time

Session 5
Contract cost

  • Contract cost guidance
  • Presentation and disclosures

This workshop is part of the Digital in Finance promotion and is eligible for funding support of more than 40%* off the workshop fees.


  • Be a Singapore Citizens and Permanent Resident
  • Achieve at least 100% attendance at the workshop
  • Not receive any other funding from government sources (with exception of UTAP and PIC funding)

For full terms and conditions, click here

Enter code DIGITAL19 at checkout. To apply the promotional code, you must complete separate payment for each workshop.

*Discount based on member price

Trainer Profile:

Oh Ai Sim

Ms Oh has over 21 years of audit related experience with a big four accounting firm. Her portfolio of clients includes public listed entities and multinational corporations covering the following industries: retailing, manufacturing, trading, property development and construction. She also conducted in-house and client training covering FRS and audit related topics.


  • Gain an overview understanding of FRS 115
  • Learn the five-step approach to revenue recognition
  • Determine transaction price
  • Apply the criteria for satisfaction of performance obligation


This workshop is suitable for Accountants, Financial Managers, Finance Controllers and anyone who is interested in the FRS 115 requirements and its application.



1 day

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