Course Detail(A181 : IFRS 9 / FRS 109: Financial Instruments)
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A181 : IFRS 9 / FRS 109: Financial Instruments

7.00 CPE Hours (Category 1)
Classroom

In view of the COVID-19 situation, selected ISCA’s CPE courses/sessions will be delivered via Live Webinar.

Please do check the details before confirmation your registration for the course/session.

Programme Objectives

This programme will provide a comprehensive overview on recently finalised financial instruments standard, IFRS 9 / FRS 109, which will replace IAS 39 (FRS 39). The seminar will focus most heavily on those revisions that will have the greatest practical impact. The changes will be illustrated and examples of how the new standard differs from IAS 39 will be provided. The standard is effective in 2018. The implementation of the changes required by the standard may take an extensive period of time depending on the organisation and the impact on long dated contracts need to be considered in advance.  

Programme Outline

  • Brief overview of the basis for the revisions and desired outcomes
  • Classification and measurement
  • Nature and characteristics of Financial Instruments
  • Classification
  • Measurement of financial assets and liabilities
  • Impairment
  • How the expected loss model differs from the current incurred loss model
  • Application of model to different portfolios of amortised cost assets
  • Alternative method for non-financial institutions
  • Hedge accounting
  • Revised testing methodology eliminating the 80-125 rule
  • Changes for hedges of non-financial items
  • Revisions to allow for simplified hedge effectiveness testing
  • Effective date and transitional provisions
  • Early adoption
  • Need for foresight on new contracts and termination of existing contracts
  • Implementation issues to consider

Training Methodology

Lecture style, with Examples

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Chief Financial Officers, Financial Controllers, Finance Managers, Auditors, Accountants and those involved in the preparation and interpretation of financial statements. Other users of financial infor-mation will also find the seminar beneficial.

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees
Date & Time

25 Oct 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Sardool Singh
Date & Time

03 May 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Sardool Singh
Date & Time

30 Jan 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Thomas Egan

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Thomas Egan

Tom is a member of ISCA, as well as ACCA, CPA Australia and is a licensed US CPA.  He serves on a number of committees related to accounting standards, financial reporting, and XBRL.  He has extensive experience related to accounting for financial instruments gained through the past 18 years in technical accounting roles with a Big 4 firm and an international bank and is currently the accounting advisor to the airline industry for implementation of IFRS 9, Financial Instruments, IFRS 15, Revenue and IFRS 16, Leases.  He holds a Masters degree in accounting from the University of Wisconsin - Madison and a Postgraduate Diploma in Strategic Finance from the University of Oxford.
 

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 Updates of recent 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 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. His other working experiences included three years with KPMG Peat Marwick and a year with a Japanese merchant bank.
 

In view of the COVID-19 situation, selected ISCA’s CPE courses/sessions will be delivered via Live Webinar.

Please do check the details before confirmation your registration for the course/session.

Programme Objectives

This programme will provide a comprehensive overview on recently finalised financial instruments standard, IFRS 9 / FRS 109, which will replace IAS 39 (FRS 39). The seminar will focus most heavily on those revisions that will have the greatest practical impact. The changes will be illustrated and examples of how the new standard differs from IAS 39 will be provided. The standard is effective in 2018. The implementation of the changes required by the standard may take an extensive period of time depending on the organisation and the impact on long dated contracts need to be considered in advance.  

Programme Outline

  • Brief overview of the basis for the revisions and desired outcomes
  • Classification and measurement
  • Nature and characteristics of Financial Instruments
  • Classification
  • Measurement of financial assets and liabilities
  • Impairment
  • How the expected loss model differs from the current incurred loss model
  • Application of model to different portfolios of amortised cost assets
  • Alternative method for non-financial institutions
  • Hedge accounting
  • Revised testing methodology eliminating the 80-125 rule
  • Changes for hedges of non-financial items
  • Revisions to allow for simplified hedge effectiveness testing
  • Effective date and transitional provisions
  • Early adoption
  • Need for foresight on new contracts and termination of existing contracts
  • Implementation issues to consider

Training Methodology

Lecture style, with Examples

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Chief Financial Officers, Financial Controllers, Finance Managers, Auditors, Accountants and those involved in the preparation and interpretation of financial statements. Other users of financial infor-mation will also find the seminar beneficial.

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Thomas Egan

Tom is a member of ISCA, as well as ACCA, CPA Australia and is a licensed US CPA.  He serves on a number of committees related to accounting standards, financial reporting, and XBRL.  He has extensive experience related to accounting for financial instruments gained through the past 18 years in technical accounting roles with a Big 4 firm and an international bank and is currently the accounting advisor to the airline industry for implementation of IFRS 9, Financial Instruments, IFRS 15, Revenue and IFRS 16, Leases.  He holds a Masters degree in accounting from the University of Wisconsin - Madison and a Postgraduate Diploma in Strategic Finance from the University of Oxford.
 
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 Updates of recent 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 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. His other working experiences included three years with KPMG Peat Marwick and a year with a Japanese merchant bank.
 

Upcoming Schedule

Registration is closed

Date & Time

25 Oct 2019 (9:00 AM - 5:00 PM)
Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Sardool Singh

Venue

137 Cecil Street
Level 4
Cecil Building
Singapore 069537


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