CCH Learning SEA


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This is a hybrid session. You have the option to attend this live in-person or online via zoom. Please select accordingly at registration.

While accounting treatments may be stipulated in the accounting standards issued, some areas are inevitably more challenging and contentious and may require substantial judgement.

In this workshop, the Trainer will discuss the practical and common challenges still faced by Accountants and Auditors in the application of specific SFRS(I)s.

Using numerous practical examples on the impact of the standards on various industries, the Trainer will go through the requirements of the current issues in detail.

Programme Outline

SFRS(I) 15: Revenue from Contracts with Customers

  • Accounting of costs under SFRS(I) 15
  • Should land costs be included in the measurement of progress under SFRS(I) 15?
  • Accounting for variable consideration in revenue recognition?
  • Profit recognition under the output and input methods for construction of a building

SFRS(I) 9: Financial Instruments

  • Computation of allowance for credit losses using a provision matrix
  • Accounting for bonds under the amortised cost, FVTOCI and FVTPL category

SFRS(I) 16: Leases

  • Accounting for sub leases
  • Accounting for JTC leases
  • New disclosure requirements

SFRS(I) 1-28 Interests in Associates and Joint Ventures

  • Equity accounting arising from the interaction between SFRS(I) 1-28 and SFRS(I) 9
  • Accounting for foreign exchange differences resulting from equity accounting a foreign associate

SFRS(I) 1-24 Related Party Disclosures

  • Identification of related parties
  • Are two entities related parties by virtue of the two entities having a common director?

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).

Target Audience

Accountants and Auditors who would like to have a practical understanding of the various challenges faced in the application of SFRS(I)s 9, 15, 16, 1-24 and 1-28

Expert Speaker

Sardool Singh

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.

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