PSAK 72/IFRS 15 - Revenue from Contracts with Customers

What’s new?

While the previous accounting standards provide separate guidance for different types of contract, the new accounting standard provides single guidance for all types of revenue. PSAK 72 establishes the principles that an entity applies when reporting information about the nature, amount, timing and uncertainty of revenue and cash flows from a contract with a customer. Applying PSAK 72, an entity recognises revenue to depict the transfer of promised goods or services to the customer in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.

The standard introduces the 5-steps model approach in which the entity can use to analyse how the revenue from the contract should be recognised.


Who is it for?

The impact of this new standard on your organisation may be significant, especially in construction as there is potential for revenue to be deferred and any organisation that sells ‘bundled’ products like telecoms. However, with an approach of ‘no such thing as free’ all companies will have to reconsider the timing and amount of revenue they recognise.

This training is ideal for finance professionals in all sectors, especially finance managers, heads of consolidation, financial and accounting managers involved in preparing financial statements, controllers, treasurers and financial analysts in all sectors — especially for companies in construction, automotive, telecom, real estate, engineering and retail industries and those who need to prepare their teams for the implementation of PSAK 72.


How do we do it?

With detailed case studies, practical insights and frequently asked questions on implementation issues, participants will get a high-level overview of what needs to be done and how to deal with the changes. A five-hour online training course is structured as follows: 


The 5-steps model

The new model in determining revenue recognition. Starting from


  1. Identification of contract
  2. Identification of performance obligation

  3. Identification of transaction price

  4. Allocation of transaction price

  5. Recognition of revenue

Deep dive on performance obligation

Definition of performance obligation and identification of performance obligation in a contract.


Deep dive on transaction price

Items that are considered as transaction price may include not only something fixed. The standard also introduces the new concept of a “financing component” element in the transaction price.


Deep dive on revenue recognition model

Revenue may be recognised at a point in time or over time. The standards provide specific criteria on how to determine it.

Slides and materials will be provided in English and the course will be delivered in Bahasa Indonesia.

Minimum participants: 30 persons per session

Maximum participants: 50 persons per session

Investment amount for open-class workshop: Rp 1,500,000 / pax

Investment amount is subject to VAT 10% and deduction of WHT 2%.

Get 5% discount if you register to all 3 sessions of Big-3 PSAK or pay a bundling price of Rp 5,000,000 for the whole workshop Big-3 PSAK + COVID-19 Implications.

Get additional 5% discount if you're registering for more than 5 people.

To register for the open-class workshop related to this topic, click the registration link in our training calendar.

Want to hold in-house training or customise this training topic for your company? See our in-house training courses by following this link or reach out to our email below!


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