7th July 2026

TIMING

COURSE FEE

£30+VAT per delegate

COURSE CODE

JY07A7

SPEAKER

Ralph Tiffin

OBJECTIVES

FRS 102 Section 23 / IFRS 15 have logical steps and are clear on the what must be done to ensure reliable figures.  Application of the section will be straightforward for many. 

For construction contracts section23 /IFRS 15 acknowledges complexities and difficulties by referencing back and forth using mostly conventional words - it is left to the practitioner / auditor to comply and check proper application.

However, lifespan, changes in physical and financial detail of construction contracts requires an in depth understanding of terminology and data which often includes material inter-related estimated amounts.  Reliable, evidenced estimates are essential.

Objectives:

• To assist accountants and auditors link the demands of FRS 102 (and IFRS15) with the physical progress of a contract.
• To explain the lexicon used in project management and the need to be very clear as to definition
• To assist accountants and auditors in communicating with project managers, engineers etc
• To ensure compliance with the accounting standards

 WHO SHOULD ATTEND?

Accountants, auditors, project managers, estimators and all involved in projects.

TOPICS

• The need to understand the physical project and terminology used
• Linking physical / site progress to the financial records
• Ensuring control and the integrity of the data
• Key principles, terms and issues at each stage of the Revenue Recognition process.
• Linking the site and project progress to the s 23 / IFRS15  5 step model
• Ensuring estimated amounts in the above are reasonable and evidenced
• Understanding the project- on site and in discussion with project managers is required for auditors  and accountants but is also valuable to clients technical staff .

VENUE

This course will be available live online. You will be emailed the link to join two days before the course date.

DISTRICT

All