Description

This timely workshop will keep you abreast of the provisions of the major new/revised Financial Reporting Standards (FRS) and other pronouncements effective for the years 2018 to 2023 (except FRS 117 Insurance Contracts).

This practical 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 and 2019

• FRS 115 Revenue from contracts with customers
• FRS 116 Leases

New/Revised Standards Effective in 2020

• Amendments to FRS 1 and FRS 8
• Amendments to FRS 103

New/Revised Standards Effective in 2021

• Amendments to FRS 116

New/Revised Standards Effective in 2022

• Amendments to FRS 103
• Amendments to FRS 16
• Amendments to FRS 37
• Annual Improvements to FRS 2018-2020

New/Revised Standards Effective in 2023

• Amendments to FRS 1 (Classification of liabilities)
• Amendments to FRS 1 (Disclosure of accounting policies)
• Amendments to FRS 8
• Amendments to FRS 12

ISCA Financial Reporting Codification Framework (including accounting responses to Covid-19 measures)

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 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).