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FRS 109 has replaced FRS 39 Financial Instruments: Recognition and Measurement. The new FRS 109 is complex and will have a considerable impact on financial performance, operations and computer systems especially in relation to the new impairment requirements.
This webinar will go through the requirements of FRS 109 in relation to Financial Assets (excluding hedge accounting) and will provide many real-life examples on the impact of the standard.
Classification of financial assets
Examples explaining how the calculations are derived and accounting entries passed for both shares and bonds for all three classifications
This workshop qualifies for 2.5 CPE hours in Financial Reporting Standards and Pronouncements (Category 1).
Have a practical understanding of how the calculations are derived and accounting entries passed for both shares and bonds for Financial Assets classifications
Accountants and Auditors
Sardool is an Adjunct Associate Professor in the Department of Accounting of the NUS Business School. He has been lecturing for the past 20 years, and is a highly sought-after seminar leader in the areas of Financial Reporting Standards, Cash Flow Statements, Analysis of Financial Statements, Consolidation and other technical accounting topics. Sardool brings a commercial perspective to the understanding of complex Accounting Standards and simplifies the requirements of these Standards to enable the participants to have a clear understanding of the topic.
Sardool is also the Chief Financial Officer of an investment company. Prior to his current appointment, he was the Group Financial Controller of a Singapore listed healthcare company. During his ten years in the healthcare industry, he was responsible for the entire Group financial functions and the IPOs of two subsidiaries on SESDAQ. He had also gained his working experience with KPMG Peat Marwick and a Japanese merchant bank.