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Description
This timely workshop is designed to help you gain practical insights on the recent updates and changes to Singapore Financial Reporting Standards (International) [ SFRS(I) ] .
Through the numerous practical examples and illustrations , you can swiftly apply the accounting principles in real life.
Programme Outline
SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2022
- Amendments to SFRS(I) 3: Reference to the Conceptual Framework
- Amendments to SFRS(I) 1-16: Property, Plant and Equipment - Proceeds before Intended Use
- Amendments to SFRS(I) 1-37: Onerous Contracts—Cost of Fulfilling a Contract
- Annual Improvements to SFRS(I)s: 2018–2020
SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2023
- Amendments to SFRS(I) 1-1 and SFRS(I) Practice Statement 2: Disclosure of Accounting Policies
- Amendments to SFRS(I) 1-8: Definition of Accounting Estimates
- Amendments to SFRS(I) 1-12: Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction
SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2024
- Amendments to SFRS(I) 1-1: Classification of Liabilities as Current or Non-Current
- Amendments to SFRS(I) 1-1: Non-Current Liabilities with Covenants
- Financial Reporting Bulletin 3: Classification of Liabilities as Current or Non-Current
- Amendments to SFRS(I) 16: Lease Liability in a Sale and Leaseback
IFRS INTERPRETATIONS COMMITTEE (“IFRIC”) UPDATES
- SFRS(I) 1-7 Statement of Cash Flows - Demand Deposits with Restrictions on Use
- SFRS(I) 1-2 Inventories - Costs Necessary to Sell Inventories
- SFRS(I) 1-10 Events after the Reporting Period - Preparation of Financial Statements when an Entity is No Longer a Going Concern arising from a Single Transaction
This workshop qualifies for 7.0 CPE hours in Financial and Sustainability Reporting Standards and Pronouncements (Category 1).
What you will learn
- Have a practical knowledge of the recent SFRS(I) changes to ensure accurate, reliable and robust financial reporting
- Understand the impact and act on the latest critical SFRS(I) changes
Target Audience
Accountants and Auditors who would like to keep abreast of the recent SFRS(I) Updates and Changes
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.
This is a face-to-face workshop to be conducted on the 23rd of February 2024. ACCA members will enjoy the members' fee of $425.00 (before prevailing GST rate). Kindly key in the promo code "ACCA24" during registration. You will be requested to furnish your ACCA membership number upon receipt of our confirmation.