IntroductionAccounting Standards are constantly changing due to improvements, amendments and new issues, thus keeping up to date with IFRS is a daunting task for every accountant in practice. This annual technical update seminar attempts to make the task easier by providing a detailed technical brief for busy professionals. The seminar also aims to provide forward-looking information for accountants to prepare for the compliance with “IFRS-Identical Financial Reporting Standards” effective for financial period beginning on or after 1 January 2018. Programme ObjectivesThe objective of the course is to update preparers and users of financial statements on newly issued and amended IFRS. The course also provides a technical brief on outstanding exposure drafts, discussion papers and recent pronouncement issued by IASB. The final course contents include the most recent announcements made by IASB nearer to the date of the course. Benefits of attending: Be up-to-date with latest development in financial reportingEnhance knowledge with recent changes to IFRSsBuild on existing knowledge and be ready for the changing world of IFRSsHelp to plan ahead for future changesUnderstand the transitional provisionsUnderstand the effect of new changes to financial statements
New and Amended Standards with effective date on or after 1 January 2016 New and Amended Standards Issued in 2014Effective Date1IFRS 14 Regulatory Deferred Accounts1 Jan 20162Accounting for Acquisition of Interest in Joint Operations (Amendments to IFRS 11)1 Jan 20163Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to IAS 16 and IAS 38)1 Jan 20164IFRS 15 Revenue from Contracts with Customers1 Jan 20185Agriculture: Bearer Plant: (Amendments IAS 16 & IAS 41)1 Jan 20166IFRS 9 Financial Instruments 1 Jan 20187Equity Method in Separate Financial Statements (Amendments to IAS 27)Deferred8Sale or Contribution of Assets between and Investor and its Associate or Joint venture (Amendments to IFRS 10 and IAS 28)1 Jan 20169Annual Improvements 2011-2014 Cycle1 Jan 201610IFRS Disclosure Initiative (Amendment to IAS1)1 Jan 201611IFRS Investment Entities: Applying the Consolidation Exemption (Amendment to IFRS 10, IFRS 12 & IAS 28)1 Jan 2016 New and Amended Standards Issued in 2015Effective Date12015 Amendments to the IFRS for SMEs1 Jan 20172Effective Date of IFRS 151 Jan 201832015 IFRS for SMEs (Replacing 2009 IFRS for SMEs)1 Jan 20174Effective Date of Amendments to IFRS 10 and IAS 28 (Sale or Contribution of Assets between an Investor and its Associate or Joint venture)A date to be determined New and Amended Standards Issued in 2016Effective Date1IFRS 16 Leases1 Jan 20192Recognition of Deferred Tax assets for Unrealised Losses (Amendments to IAS12)1 Jan 20173Disclosure Initiative (Amendments to IAS7)1 Jan 20174Clarifications of IFRS 15 Revenue from Contracts with Customers1 Jan 20185Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2)1 Jan 20186Transfer to Investment Property (Amendments to IAS 40)1 Jan 20187IFRIC 22 Foreign Exchange Considerations and Advance Consideration1 Jan 20188Annual Improvements to IFRS Standards 2014-2016 Cycle1 Jan 2017/18 New and Amended Standards Issued in 2017Effective Date (Will include latest issues on seminar date) Selected Consultation Documents Exposure Drafts Issued in 2016ED/2016/1Definition of a Business and Accounting for Previously Held Interests (Proposed amendments to IFRS 3 and IFRS 11) Exposure Drafts Issued in 2017ED/2017/1Annual Improvement to IFRS Standards 2015-2017 Cycle (Will include latest issues on seminar date) Other Selected Consultation DocumentsED/2015/3Conceptual Framework for Financial ReportingED/2015/8Practice Statements: Application of Materiality to Financial Statements Training MethodologyLecture style, with practical illustrations, technical flow-chart and conceptual “mind map” and interactive discussions. Closing Date for Registration1 week before programme or until full enrolment
An Intermediate level programme intended for Practising or Non-Practising Accounting and Audit Professionals, company & finance directors and regulators. This seminar will be especially useful for those who are keen to keep in touch with the upcoming changes in the amended and new IASB Standards.
Category 1 = 7.00 Hours
27 Oct 2017 (9:00 AM - 5:00 PM)
Registration is closed
05 Jun 2017 (9:00 AM - 5:00 PM)
For Members: $ 329.56 For Non-Members: $ 398.04
60 Cecil StreetISCA HouseSingapore 049709
You are about to leave ISCA eServices Portal and the registration link will be opened in a new tab. Do you wish to continue?
This course has been added successfully
Declaration to be provided by CPE
This Course is Intended for CA Singapore Users..
If you have an account with us, please sign-in first. If you do not have an account with us, create one now for free.
Do you wish to apply for SFC funding? (Singapore Citizenship Only)
05 Mar 2021 - 05 Mar 2021
08 Mar 2021 - 08 Mar 2021