Course Detail(A123 : Financial Statements: Presentation and Disclosures)

A123 : Financial Statements: Presentation and Disclosures

7.00 CPE Hours (Category 1)
Classroom

Programme Objective

To enable participants to Effectively prepare Financial Statements using the Presentation and Disclosure requirements under selected sections of FRSs under FRS 1, FRS 8, FRS 107, FRS 7, FRS 36, FRS 40, FRS 108 and FRS 115.

Programme Outline

  • FRS 1: Presentation of Financial Statements
    • Key Changes to FRS 1
    • Balance Sheet / Statement of Financial Position
    • Statement of Comprehensive Income
    • Statement of Changes in Equity
    • Notes to Financial Statements
    • Key Accounting Judgements
    • Key Accounting Estimates
    • Capital Disclosures
    • Capital Risk Management Policies and Objectives
    • Financial risks and capital management disclosures
  • FRS 8: Accounting Policies, changes in Accounting Estimates an Errors
    • Adoption of new and revised FRSs
    • New Standard or Interpretation that has been issued but is not yet effective
  • FRS 107: Financial Instruments: Disclosures
    • Scope of disclosures
    • Defaults and Breaches
    • Collaterals
    • Credit Risk
    • Past Due
    • Liquidity Risk
    • Market Risk
    • Interest Rate Risk
    • Foreign Currency Risk
    • Fair values of financial assets and financial liabilities
    • Amendments to FRS 107
  • FRS 7: Statement of Cash Flows
    • Effects of cash balances in foreign currencies to be presented separately
    • Presentation of Statement of Cash Flows
  • FRS 36: Impairment of Assets
    • Disclosures
    • Level at which goodwill is tested for impairment
  • FRS 40: Investment Property
    • Transitional provision for amendment to FRS 40 - investment properties under construction
    • Transfer from PPE to investment properties
  • FRS 108: Segment Reporting
    • The main purpose of replacing FRS 14 with FRS 108
    • Scope and Key changes to FRS 108
    • The CODM (Chief Operating Decision Maker)
  • FRS 115: Revenue from Contracts with Customers
                   Introduction to FRS 115
                   Step 1: Identifying the contracts with Customer
                   Step 2: Identifying Performance Obligations
                   Step 3: Determining Transaction Price
                   Step 4: Allocating Transaction Price
                   Step 5: Recognizing Revenue
                   Other Implementation Guidance
                   Impact on Cost
                   Transition Approaches (Full Retrospective VS Modified Retrospective)
                   Disclosure Requirements
  • Items to Disclose under “Profit Before Tax”

Training Methodology
Lecture style, with Examples
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An Intermediate Level programme Intended for all Practising and Non-Practising Accountants.

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

08 Nov 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Josette Soh

Date & Time

05 Dec 2017 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Lam Chien Ju

Date & Time

01 Dec 2016 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Ghamazy Rashid

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Josette Soh 
Technical advisory Senior Manager at Deloitte & Touche LLP

Josette has more than 10 years of public accounting experience in serving local and multinational companies around the world. 
She started her career in assurance services before spending 2 years in Deloitte’s IFRS Centre of Excellence specialising in IFRS where she was involved in addressing complex accounting issues in support of the several functions within Southeast Asia.

Josette subsequently moved on to technical accounting advisory and in her current role, she provides accounting advisory to companies within Southeast Asia on complex transactions, including implementation of IFRS 15, 16 and 1.

Josette has participated in several IFRS 15 and 16 projects for major telecommunication companies in Singapore, Indonesia and Philippinesand other IFRS projects within Southeast Asia.
 

Ghamazy Rashid
Partner at Deloitte & Touche LLP, Singapore

 
Ghamazy has more than 15 years of experience in public accounting in serving local, multinational and listed companies in Singapore and statutory boards.
 
Ghamazy has been in Deloitte Singapore’s IFRS Centre of Excellence for 6 years, specialising in IFRS and SFRS where he is involved in addressing complex accounting issues in support of audit, financial advisory, tax advisory functions within the Deloitte offices in Singapore and South East Asia, and analysing emerging issues on currently published IFRSs and proposed new IFRSs - focusing on accounting for business combinations, consolidated financial statements and revenue recognition. 
 
Ghamazy also spent 1.5 years on a secondment to the Singapore Accounting Standards Council (“ASC”), where he helped develop, review, amend and approve FRSs, including the recently issued FRS 115 Revenue from Contracts with Customers. His work scope in the ASC involved interactions with a diverse range of stakeholders e.g. companies, accounting professionals, analysts, regulators etc to evaluate impact of new IFRSs for adoption as FRSs in Singapore.
 
Ghamazy is also regularly involved in giving lectures/trainings on IFRS and SFRS at regular seminars conducted by Deloitte for companies and statutory boards, and in speaking engagements with many accounting institutes.
 
Ghamazy graduated from Nanyang Technological University in Accountancy.  He is a member of the Institute of Singapore Chartered Accountants.


Lam Chien Ju
Audit Lead Director at Deloitte & Touche LLP, Singapore

Chien Ju has more than 15 years of experience in public accounting in serving local, multinational and listed companies in Singapore and statutory boards.

Chien Ju spent 2 years in overseeing the registration, monitoring and regulatory enforcement of public accountants and public accounting entities in Singapore and half a year as secretariat to the Singapore Accounting Standards Council.

Chien Ju graduated from University of Western Australia.  She is a member of the Institute of Singapore Chartered Accountants.

Programme Objective

To enable participants to Effectively prepare Financial Statements using the Presentation and Disclosure requirements under selected sections of FRSs under FRS 1, FRS 8, FRS 107, FRS 7, FRS 36, FRS 40, FRS 108 and FRS 115.

Programme Outline

  • FRS 1: Presentation of Financial Statements
    • Key Changes to FRS 1
    • Balance Sheet / Statement of Financial Position
    • Statement of Comprehensive Income
    • Statement of Changes in Equity
    • Notes to Financial Statements
    • Key Accounting Judgements
    • Key Accounting Estimates
    • Capital Disclosures
    • Capital Risk Management Policies and Objectives
    • Financial risks and capital management disclosures
  • FRS 8: Accounting Policies, changes in Accounting Estimates an Errors
    • Adoption of new and revised FRSs
    • New Standard or Interpretation that has been issued but is not yet effective
  • FRS 107: Financial Instruments: Disclosures
    • Scope of disclosures
    • Defaults and Breaches
    • Collaterals
    • Credit Risk
    • Past Due
    • Liquidity Risk
    • Market Risk
    • Interest Rate Risk
    • Foreign Currency Risk
    • Fair values of financial assets and financial liabilities
    • Amendments to FRS 107
  • FRS 7: Statement of Cash Flows
    • Effects of cash balances in foreign currencies to be presented separately
    • Presentation of Statement of Cash Flows
  • FRS 36: Impairment of Assets
    • Disclosures
    • Level at which goodwill is tested for impairment
  • FRS 40: Investment Property
    • Transitional provision for amendment to FRS 40 - investment properties under construction
    • Transfer from PPE to investment properties
  • FRS 108: Segment Reporting
    • The main purpose of replacing FRS 14 with FRS 108
    • Scope and Key changes to FRS 108
    • The CODM (Chief Operating Decision Maker)
  • FRS 115: Revenue from Contracts with Customers
                   Introduction to FRS 115
                   Step 1: Identifying the contracts with Customer
                   Step 2: Identifying Performance Obligations
                   Step 3: Determining Transaction Price
                   Step 4: Allocating Transaction Price
                   Step 5: Recognizing Revenue
                   Other Implementation Guidance
                   Impact on Cost
                   Transition Approaches (Full Retrospective VS Modified Retrospective)
                   Disclosure Requirements
  • Items to Disclose under “Profit Before Tax”

Training Methodology
Lecture style, with Examples
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An Intermediate Level programme Intended for all Practising and Non-Practising Accountants.

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Josette Soh 
Technical advisory Senior Manager at Deloitte & Touche LLP

Josette has more than 10 years of public accounting experience in serving local and multinational companies around the world. 
She started her career in assurance services before spending 2 years in Deloitte’s IFRS Centre of Excellence specialising in IFRS where she was involved in addressing complex accounting issues in support of the several functions within Southeast Asia.

Josette subsequently moved on to technical accounting advisory and in her current role, she provides accounting advisory to companies within Southeast Asia on complex transactions, including implementation of IFRS 15, 16 and 1.

Josette has participated in several IFRS 15 and 16 projects for major telecommunication companies in Singapore, Indonesia and Philippinesand other IFRS projects within Southeast Asia.
 
Ghamazy Rashid
Partner at Deloitte & Touche LLP, Singapore

 
Ghamazy has more than 15 years of experience in public accounting in serving local, multinational and listed companies in Singapore and statutory boards.
 
Ghamazy has been in Deloitte Singapore’s IFRS Centre of Excellence for 6 years, specialising in IFRS and SFRS where he is involved in addressing complex accounting issues in support of audit, financial advisory, tax advisory functions within the Deloitte offices in Singapore and South East Asia, and analysing emerging issues on currently published IFRSs and proposed new IFRSs - focusing on accounting for business combinations, consolidated financial statements and revenue recognition. 
 
Ghamazy also spent 1.5 years on a secondment to the Singapore Accounting Standards Council (“ASC”), where he helped develop, review, amend and approve FRSs, including the recently issued FRS 115 Revenue from Contracts with Customers. His work scope in the ASC involved interactions with a diverse range of stakeholders e.g. companies, accounting professionals, analysts, regulators etc to evaluate impact of new IFRSs for adoption as FRSs in Singapore.
 
Ghamazy is also regularly involved in giving lectures/trainings on IFRS and SFRS at regular seminars conducted by Deloitte for companies and statutory boards, and in speaking engagements with many accounting institutes.
 
Ghamazy graduated from Nanyang Technological University in Accountancy.  He is a member of the Institute of Singapore Chartered Accountants.

Lam Chien Ju
Audit Lead Director at Deloitte & Touche LLP, Singapore

Chien Ju has more than 15 years of experience in public accounting in serving local, multinational and listed companies in Singapore and statutory boards.

Chien Ju spent 2 years in overseeing the registration, monitoring and regulatory enforcement of public accountants and public accounting entities in Singapore and half a year as secretariat to the Singapore Accounting Standards Council.

Chien Ju graduated from University of Western Australia.  She is a member of the Institute of Singapore Chartered Accountants.

Upcoming Schedule

Registration is closed

Date & Time

08 Nov 2018 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Josette Soh

Venue

60 Cecil Street
ISCA House
Singapore 049709