Reviewing Major FRS Changes: 2021 Annual Update

Description

Through the use of practical and simple to understand illustrations, reinforce your understanding of the provisions of the major new and revised Financial Reporting Standards (FRS) issued by the Accounting Standards Council (ASC) and effective for the years 2018, 2019 and 2020.  

This programme is designed specifically for accountants, auditors and finance leaders involved in the preparation/audit of financial statements.

Programme Outline

Major New Standards Effective in 2018

  • FRS 109 Financial instruments
  • FRS 115 Revenue from contracts with customers

Major New Standards Effective in 2019

  • FRS 116 Leases

New/Revised standards effective in 2020

  • Amendments to FRS 1 and 8
  • Amendments to FRS 103
  • ISCA Accounting responses to COVID-19
    • FRB 2 Entities with 31 December 2019 year-end
    • FRB 5 Property tax rebate
    • FRB 6 Job support scheme
    • FRB 7 Rental Relief Framework

This workshop qualifies for 7.0 CPE hours in Financial Reporting Standards and Pronouncements (Category 1).

What you will learn

At the end of this workshop, you will:

  • Find out the recent developments on the accounting standards
  • Get a concise summary of the requirements of the new/revised standards
  • Learn to effectively apply the new/revised accounting standards in the preparation of financial statements

Target Audience

Anyone who needs to be aware of the recent changes and updates in the Singapore Financial Reporting Standards

  • Finance Directors            
  • Financial Controllers      
  • Finance Managers          
  • Accountants
  • Auditors

Expert Speaker

Professor Ng Eng Juan graduated with B. Ec (first class honours) from Universiti Malaya, and MBA from University of Southern California. He is a fellow of ISCA and a member of MICPA with several years of working experience in an international public accounting firm. Prof Ng has been with the Nanyang Business School, Nanyang Technological University, teaching Financial Accounting subjects in the B Acc and MBA programmes. Over the years, he has won several teaching awards. He also conducts regular continuing professional education programmes for delegates from China, Malaysia and Singapore. Prof Ng has written several publications including “Singapore GAAP”, “Derivatives and Hedge Accounting” and “Practical Guide to Financial Reporting Standards Singapore”, which are published by CCH Asia. He is currently with the Singapore University of Social Sciences (SUSS).

This is a face-to-face event, to be conducted on 11 December 2020.

  • Dec 11
    Fri, 9:00 AM - Fri, 5:00 PM Hotel Venue to be Advised
    • $642.00 incl. GST (7%)
    • PD hours: 7

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One-Connection-One-Fee

Our webinars operate on a 'one-connection-one-fee' basis, so you can have your whole team participate together in a boardroom setting for one cost effective price, using one registered log-in connection. The registered attendee will receive a CPD certificate.

Recordings

Like the topic but can’t make the time? Register for the Live Session and you’ll receive the Recording regardless! Recordings are provided for webinars with a duration of 3 hours and less.