A Practical Guide to Cryptocurrency in Singapore: From an Accounting Perspective

Description

This is the PM session of our one-day workshop.

In recent times, cryptoassets have emerged as a new digital asset class. The uses of cryptoassets have continued to evolve since their initial uses for payment or financing. Cryptoassets are not explicitly within the scope of any IFRS Standard. However, due to the lack of prevalence, the International Accounting Standards Board (IASB) decided to monitor the development of cryptoassets but not to add related projects to its work plan. Nevertheless, some clarity on this matter was provided in the form of an agenda decision by the IFRS Interpretations Committee (IFRIC) on the holdings of cryptocurrencies in June 2019.

ISCA has issued Financial Reporting Guidance 2 (“FRG 2”) - Accounting for Cryptoassets: From a Holder’s Perspective to guide preparers, who report under Singapore Financial Reporting Standards (International) (SFRS(I)s), International Financial Reporting Standards (IFRSs) or Financial Reporting Standards issued by the Accounting Standards Council (FRSs), on the accounting for holdings of cryptoassets.

This unique workshop format offers you the choice to attend either the AM, PM or one-day session.

AM Session: A Practical Guide to Cryptocurrency in Singapore: From a Tax and Regulatory Perspective click here.

One-day Session: A Practical Guide to Cryptocurrency in Singapore: From a Tax, Regulatory and Accounting Perspective, click here.

By attending the one-day session, you enjoy greater savings and lunch will be provided. Register NOW!

Programme Outline

The seminar will explain the salient features of FRG 2, including:

  • The different types of cryptoassets
  • Accounting for cryptoassets by the holder
    • Holdings of cryptocurrencies
    • Holdings of cryptoassets other than cryptocurrencies
    • Absence of an applicable FRS
    • Summary of applicable FRSs
    • Classification and measurement considerations
    • Disclosure considerations
  • Q&A

What you will learn

  • Gain a good grasp of ISCA’s Financial Reporting Guidance 2 (FRG 2): Accounting for Cryptoassets From a Holder’s Perspective
  • Find out the different types of cryptoassets and its uses
  • Learn how to account for cryptoassets by the holder

Target Audience

  • Anyone who would like to have practical knowledge on the accounting treatment of cryptoassets and related transactions
  • Finance practitioners
  • Accountants
  • Auditors

Expert Speaker

Chee Hay Kheong Daniel

Daniel holds an Honours degree in Accountancy from the National University of Singapore and is a Certified Information Systems Auditor (CISA). He has more than 15 years of experience in the accounting profession, having worked for one of the Big 4 accounting firms both in Singapore and in the United Kingdom. He has also more than 5 years of senior management experience with MNCs, managing their operations in Singapore and Asia.

Daniel is a highly sought-after seminar trainer. He was an Adjunct Professor in the School of Business, Singapore University of Social Sciences and an Adjunct Associate Professor in the Department of Accounting of the NUS Business School. He served as a committee member of both the IT Committee and the Examination Committee of ISCA, and was a Committee member of the Disciplinary Sub-Committee of Accounting and Corporate Regulatory Authority (ACRA).

  • Aug 23
    • Early Bird 30% Discount - Apply Promotional Code: EBF30 $224.70 incl. GST (7%)
    • Early Bird 15% Discount - Apply Promotional Code: EBF15 $272.85 incl. GST (7%)
    • $321.00 incl. GST (7%)
    Tue, 2:00 PM - Tue, 4:30 PM Hotel Venue to be Advised
    • Early Bird 30% Discount - Apply Promotional Code: EBF30 $224.70 incl. GST (7%)
    • Early Bird 15% Discount - Apply Promotional Code: EBF15 $272.85 incl. GST (7%)
    • $321.00 incl. GST (7%)
    • PD hours: 2.5

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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.