Course Detail(A139 : Interpretations of Financial Reporting Standards (INT FRSs): Tackling Accounting Issues Not Specifically Dealt with by the FRSs (Live Webinar))
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UTAP Funding

A139 : Interpretations of Financial Reporting Standards (INT FRSs): Tackling Accounting Issues Not Specifically Dealt with by the FRSs (Live Webinar)

7.00 CPE Hours (Category 1)
Classroom

Please be informed that as per Ministry of Health’s (MOH) guidelines on tighter measures that was announced on 24th March 2020, we will be changing the format of the session on 9 Sep 2020 into a Live Webinar. A detailed set of instructions on the Live Webinar will also be sent to you closer to date. 

Introduction
Interpretation provides consensus on the appropriate treatment for issues not specifically dealt with by FRSs. The other objective of Interpretations is to reach a consensus where unsatisfactory or conflicting opinions have developed by practitioners, or are seem likely to be developed in the absence of authoritative guidance.
 
Programme Objective
This seminar highlights the critical issues of each selected Interpretation and to explain the consensus reached. The seminar demonstrates the link between each Interpretation and the related FRSs as well as providing a step-by-step guide to the accounting requirements.

Programme Outline

INT FRS 101Changes in Existing Decommissioning, Restoration and Similar Liabilities
INT FRS 105Rights to Interest arising from Decommissioning, Restoration and Environmental Rehabilitation Funds
INT FRS 106Liabilities arising from Participating in a Specific Market – Waste Electrical and Electronic Equipment
INT FRS 107Applying the Restatement Approach under FRS29 Financial Reporting in Hyperinflationary Economies
INT FRS 110Interim Financial Reporting and Impairment
INT FRS 112Service Concession Arrangements
INT FRS 115Agreement for the Construction of Real Estate
INT FRS 116Hedges of a Net Investment in a Foreign Operation
INT FRS 117Distributions of Non-cash Assets to Owners
INT FRS 119Extinguishing Financial Liabilities with Equity Instruments
INT FRS 120Stripping Costs in the Production Phase of a Surface Mine
INT FRS 121Levies
INT FRS 122Foreign Currency Transactions and Advance Consideration (Effective 1 January 2018)
INT FRS 123Uncertainty over Income Tax Treatments (Effective 1 January 2019)
INT FRS 10Government Assistance – No Specific Relation to Operating Activities
INT FRS 15Operating Leases – Incentives
INT FRS 25Income Taxes – Changes in the Tax Status of an Entity or its Shareholders
INT FRS 27Evaluating the substance of Transactions Involving the Legal for of a Lease
INT FRS 29Service Concession arrangements: Disclosures
INT FRS 32Intangible Assets – Web Site Costs

 
Assumed knowledge:  Basic knowledge of FRSs is required
 
Training Methodology
Lecture style, with practical illustrations, technical flow-charts, conceptual “mind maps” and interactive discussions.

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

This programme is suitable for all Finance Professionals, Audit Professionals, Members of Audit Committee, Finance Directors and Regulators. Those who are keen on attending a practical course that examines the effect of applying INT FRS are welcome to attend

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees
Date & Time

09 Sep 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Early Bird Discount till 31 Aug 2020

Programme Facilitator(s)

Danny Tan

Venue

Online Classroom in or outside of
Singapore
Date & Time

28 Aug 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Danny Tan
Date & Time

05 Sep 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Danny Tan
Date & Time

31 Aug 2017 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Danny Tan

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members. NTUC member gets to enjoy UTAP funding 50% of the unfunded course fee capped at $250 every year. This excludes miscellaneous fees such as GST and registration fee etc.
 
This course is approved for UTAP support for intakes conducted between 1 April 2020 – 31 March 2021.
 
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends.


To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.
 
Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008.

Programme Facilitator(s)


Danny Tan

Danny has over 30 years of experience in public practice, commerce and industry. He was trained with a firm of Chartered Accountants in London where he worked for over 10 years in the audit and consultancy. He also held the positions of business development and business operation manager with two UK multinational companies based in London for 5 years. Danny specialises in International Financial Reporting Standards (IFRSs) and in the last 15 years he is a partner of a firm providing training and consulting in the areas of preparing and presenting financial statements in accordance with IFRSs.

Danny holds an Honours Degree in Economics (major in finance and investment) from Manchester Metropolitan University (UK), MBA from Heriot-Watt University (UK) and Master in Advance Business Practice from University of South Australia. He is a fellow member of Chartered Instituted of Management Accountants, a fellow member of Association of Chartered Certified Accountants, a member of Malaysian Institute of Accountants and an associate member of Chartered Tax Institute of Malaysia.
 

Please be informed that as per Ministry of Health’s (MOH) guidelines on tighter measures that was announced on 24th March 2020, we will be changing the format of the session on 9 Sep 2020 into a Live Webinar. A detailed set of instructions on the Live Webinar will also be sent to you closer to date. 

Introduction
Interpretation provides consensus on the appropriate treatment for issues not specifically dealt with by FRSs. The other objective of Interpretations is to reach a consensus where unsatisfactory or conflicting opinions have developed by practitioners, or are seem likely to be developed in the absence of authoritative guidance.
 
Programme Objective
This seminar highlights the critical issues of each selected Interpretation and to explain the consensus reached. The seminar demonstrates the link between each Interpretation and the related FRSs as well as providing a step-by-step guide to the accounting requirements.

Programme Outline

INT FRS 101Changes in Existing Decommissioning, Restoration and Similar Liabilities
INT FRS 105Rights to Interest arising from Decommissioning, Restoration and Environmental Rehabilitation Funds
INT FRS 106Liabilities arising from Participating in a Specific Market – Waste Electrical and Electronic Equipment
INT FRS 107Applying the Restatement Approach under FRS29 Financial Reporting in Hyperinflationary Economies
INT FRS 110Interim Financial Reporting and Impairment
INT FRS 112Service Concession Arrangements
INT FRS 115Agreement for the Construction of Real Estate
INT FRS 116Hedges of a Net Investment in a Foreign Operation
INT FRS 117Distributions of Non-cash Assets to Owners
INT FRS 119Extinguishing Financial Liabilities with Equity Instruments
INT FRS 120Stripping Costs in the Production Phase of a Surface Mine
INT FRS 121Levies
INT FRS 122Foreign Currency Transactions and Advance Consideration (Effective 1 January 2018)
INT FRS 123Uncertainty over Income Tax Treatments (Effective 1 January 2019)
INT FRS 10Government Assistance – No Specific Relation to Operating Activities
INT FRS 15Operating Leases – Incentives
INT FRS 25Income Taxes – Changes in the Tax Status of an Entity or its Shareholders
INT FRS 27Evaluating the substance of Transactions Involving the Legal for of a Lease
INT FRS 29Service Concession arrangements: Disclosures
INT FRS 32Intangible Assets – Web Site Costs

 
Assumed knowledge:  Basic knowledge of FRSs is required
 
Training Methodology
Lecture style, with practical illustrations, technical flow-charts, conceptual “mind maps” and interactive discussions.

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

This programme is suitable for all Finance Professionals, Audit Professionals, Members of Audit Committee, Finance Directors and Regulators. Those who are keen on attending a practical course that examines the effect of applying INT FRS are welcome to attend

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Danny Tan

Danny has over 30 years of experience in public practice, commerce and industry. He was trained with a firm of Chartered Accountants in London where he worked for over 10 years in the audit and consultancy. He also held the positions of business development and business operation manager with two UK multinational companies based in London for 5 years. Danny specialises in International Financial Reporting Standards (IFRSs) and in the last 15 years he is a partner of a firm providing training and consulting in the areas of preparing and presenting financial statements in accordance with IFRSs.

Danny holds an Honours Degree in Economics (major in finance and investment) from Manchester Metropolitan University (UK), MBA from Heriot-Watt University (UK) and Master in Advance Business Practice from University of South Australia. He is a fellow member of Chartered Instituted of Management Accountants, a fellow member of Association of Chartered Certified Accountants, a member of Malaysian Institute of Accountants and an associate member of Chartered Tax Institute of Malaysia.
 

Upcoming Schedule

Date & Time

09 Sep 2020 (9:00 AM - 5:00 PM)
Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Early Bird Discount till 31 Aug 2020

Programme Facilitator(s)

Danny Tan

Venue

Online Classroom in or outside of
Singapore


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