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Description
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This is the PM session of our one-day workshop
This topical workshop will deepen your practical understanding of FRS 21/SFRS (I) 1-21 The Effects of Changes in Foreign Exchange Rates. As this is one of the challenging financial reporting standards to implement, the trainer will use multiple working examples to illustrate the major provisions and compliance requirements of FRS 21 in relation to functional currency, foreign currency transactions and foreign currency translation. Attend this workshop and learn to confidently apply FRS 21 in your financial reporting and avoid compliance risk.
Programme Outline
PM Session: 1.30pm-5pm
Functional Currency
- Determination of functional currency
- Change in functional currency
Foreign Currency Transactions
- Initial recognition
- Subsequent measurement
Foreign Currency Translation
- Translation of foreign currency financial statements
- Consolidation of foreign subsidiaries, associates and joint ventures
Q&A
What you will learn
- Deepen practical understanding of the FRS 21/SFRS (I) 1-21 The Effects of Changes in Foreign Exchange Rates
- Gain a good grasp of the compliance requirements of FRS 21
- Confidently apply FRS 21 and avoid compliance risk with your financial reporting
Target Audience
- 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).