The new FRS 116 Leases differs substantially from the previous standard. Many Accounting Professionals are finding that the new requirements have imposed new reporting burdens and have significant impact on an organisation’s financial position, financial results, leverage and capital ratios, cash flow and EBITA.
This workshop will also address some of the common queries on the impact of rent concessions provided by landlords to tenants as a result of the COVID-19 situation. Such rent concessions are common for leases of retail property and may be required by governments.
The workshop will touch on the Covid-19-Related Rent Concessions beyond 30 June 2021.
Leases and Off-Balance Sheet Financing
Accounting By Lessees
Practice questions 1 and 2
Accounting By Lessors
Practice questions 3 and 4
Sale and Leaseback Transactions
Practice question 5
Covid-19-Related Rent Concessions
You are encouraged to bring along your calculators for this workshop.
This workshop qualifies for 7.0 CPE hours in Financial Reporting Standards and Pronouncements ( (Category 1) .
Accountants and Auditors who would like to have a practical understanding of FRS 116, including the Covid-19-Related Rent Concessions
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.