IFRS 15 & IFRS 16


IFRS 15:

IFRS 15, Revenue from contracts with customers, is one of the financial reporting standards that has significantly impacted revenue recognition in many businesses.

All profit-driven organizations aim to maximize their revenue, and the IFRS 15 standard mandates recognizing revenue in a manner that accurately reflects the exchange of goods or services to customers, based on the expected consideration.

Course Coverage:

This course covers the five-step revenue recognition model established by IFRS 15 in detail, and uses a range of tools and techniques, such as videos, real-life case studies, quizzes, and assessments, to engage participants and for enhanced understanding of the standard.

At the end of the course, the participants should be able to:

  1. Understand the five steps for revenue recognition, to
    • Decide if the item of income is in the scope of the IFRS 15 standard
    • Identify the contract with a customer,
    • Determine performance obligation,
    • Determine the transaction price,
    • Allocate the transaction price to performance obligation, and
    • Recognize revenue,
  1. Apply the criteria for revenue recognition under IFRS 15 to different scenarios.
  2. Understand the disclosure requirements.

Credit Hours

16 Hours

Delivery Channel

Virtual and Self-Paced (optional)

Date and Time

- 21 & 22 JUNE 2023
- 11:00 AM - 3:00 PM (GMT+5)


Certificate Program


Beginner to Expert

For Virtual:

For Hybrid:

IFRS 16:

The International Accounting Standards Board (IASB) issued IFRS 16: Leases in 2016 effective for financial periods beginning on or after 1 January 2019 replacing the previous standard on lease arrangements IAS 17. The change has impacted over USD 3.3 trillion worth of assets around the world, and despite it becoming applicable for over two years now with multiple interpretations and commentaries available in the market, its application is a major trouble since the standard repealed the previous identification and recognition criterion into operating and finance leases.

Course Coverage:

This course has been designed to provide step-by-step knowledge for the application, implementation, and maintenance of leases under IFRS-16 with examples for every concept/ situation covered.

Starts with the basic knowledge and understanding of what the reasons were for replacing IAS 17 with IFRS 16 and how does the latter differ from the other. The course later takes a deep dive into the identification of leases, lease term and recognition, measurement, presentation, and disclosure in the books of lessee and lessor. The course also covers “sub-lease” and “sale and lease back” arrangements in detail.

At the end of the course, you should be able to:

  • Identify, recognize, measure, present and disclose assets under IFRS-16
  • Implement and incorporate IFRS-16 in all industries, particularly those
  • Impacted highly by the standard
  • Comprehend the impact of termination, revision, cancellation and other
  • Modifications to leases
  • Train and mentor your team on leases


The course can be taken by:

  • Accountants
  • Accounting and Finance Students
  • Finance Managers
  • Valuators
  • Business Analysts
  • Risk Managers

Date and Time:

  • 21 & 22 JUNE 2023
  • 11:00 AM – 3:00 PM (GMT+5)


Participants will receive a successful course completion certificate. 


At the end of each Program we carry out a survey to ensure our participants receive the best of our services.



Ms Sana is an experienced process improvement digital solution enthusiast a finance professional who is an IFRS expert She has worked with prestigious organizations in senior positions including in the role of Director Financial Reporting for Telenor Microfinance Bank and Chief Financial Officer for Lakson Investments and Next Capital and remained associated with the financial services industry for over 14 years She has worked on a wider array of projects and with major divisions throughout various sections of the banking industry, including projects on IFRS 16 IFRS 9 and IFRS 15 Based on her extensive financial reporting, presentation, and IFRS implementation experience, she is a trainer for IFRSs and Financial Storytelling techniques and runs a live program on the “IFRS Practical Issues Series” Some of the companies whose professionals she has trained are:

A few years ago, she took the role of an Entrepreneur and founded Ed Watch with a focus on the critical skills development needs of the present and future workforce Ms Sana was among the team that led the Institute of Chartered Accountants of Pakistan’s ( first ever “Women Inclusion Policy” Ms Sana is a Chartered Accountant and served her three years of article ship period in PricewaterhouseCoopers Pakistan She has been a member of ICAP’s committee on “Economic Advisory and Government Relations” for the last three years and served the “Women’s Committee” for three terms She has also been a member of ICAP’s Committee on Fiscal Laws where she had the chance to research and suggest possible solutions for “Increasing the tax net in Pakistan” Her work was published in “The Pakistan Accountant” under the title; “Time to tackle taxation Jams” in 2018