CCH Learning SEA

Accounting Impact from Climate Change Movements and Recent Financial Reporting Standards Updates
    Accounting Impact from Climate Change Movements and Recent Financial Reporting Standards Updates
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Description

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

The in-person session on 10th June will be conducted at:
Singapore Marriott Tang Plaza Hotel
(Ballroom 3, Level 3)
320 Orchard Road
Singapore 238865

This workshop will share practical and salient updates on key changes in the Singapore Financial Reporting Landscape. The Trainer will also discuss practical ways to manage and mitigate the accounting impact arising from climate change movements.

Practical Examples and Illustrations will be used throughout the workshop to demonstrate the real-life application of these updates and changes.

Programme Outline

Effective from 1 January 2023

  • FRS 117 Insurance Contracts
  • FRS 12 (Amendments) Deferred Tax related to Assets and Liabilities arising from a Single Transaction
  • FRS 8 (Amendments) Definition of Accounting Estimates
  • FRS 1 (Amendments) Disclosure of Accounting Policies
  • FRS 12 (Amendments) International Tax Reform – Pillar Two Model Rules

Effective from 1 January 2024

  • FRS 1(Amendments) Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants
  • FRS 12 (Amendments) Lease liability in a Sale and Leaseback
  • FRS 107 (Amendments) Supplier Finance Arrangements

Effective from 1 January 2025

  • FRS 21 (Amendments) Lack of exchangeability

Effective from 1 January 2027

  • IFRS 18 (replacing IAS 1)

Sustainability reporting standards

  • IFRS S1 and IFRS S2 – overview
  • IFRS S1 – General Requirements for Disclosure of Sustainability-related Financial Information
  • IFRS S2 – Climate-related Disclosures

Accounting impact from climate change movements

  • Changes in business strategy affecting
    • Useful lives of assets
    • Asset impairments
    • Provision for onerous contracts
    • Provision for restructuring
    • Green financing – green bonds and sustainability bonds

This workshop qualifies for 7.0 CPE hours in Financial and Sustainability Reporting Standards and Pronouncements (Category 1).

What you will learn

  • Keep abreast of the recent Financial Reporting Standards Updates and Changes
  • Understand the accounting impact from climate change movements
  • Understand the real-life application of these updates and changes

Target Audience

  • Directors and Audit Committee Members
  • Accountants
  • CFOs and Finance Managers
  • Audit Professionals

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).

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

  • Jun 10
    • Early Bird 15% Discount - Apply Promotional Code: EBF15 $555.90 incl. GST
    • $654.00 incl. GST
    Mon, 9:00 AM - Mon, 5:00 PM Singapore 7.0 CPE Hours
    • Early Bird 15% Discount - Apply Promotional Code: EBF15 $555.90 incl. GST
    • $654.00 incl. GST
    • PD hours: 7
  • Sep 11
    • Early Bird 30% Discount - Apply Promotional Code: EBF30 $457.80 incl. GST
    • Early Bird 15% Discount - Apply Promotional Code: EBF15 $555.90 incl. GST
    • $654.00 incl. GST
    Wed, 9:00 AM - Wed, 5:00 PM Singapore 7.0 CPE Hours
    • Early Bird 30% Discount - Apply Promotional Code: EBF30 $457.80 incl. GST
    • Early Bird 15% Discount - Apply Promotional Code: EBF15 $555.90 incl. GST
    • $654.00 incl. GST
    • PD hours: 7

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