Course Detail(A219 : A Technical Update on IFRS - 2017 (including IFRS-Identical Financial Reporting Standards))

A219 : A Technical Update on IFRS - 2017 (including IFRS-Identical Financial Reporting Standards)

7.00 CPE Hours (Category 1)
Classroom


Introduction

Accounting 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 Objectives

The 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 reporting
  • Enhance knowledge with recent changes to IFRSs
  • Build on existing knowledge and be ready for the changing world of IFRSs
  • Help to plan ahead for future changes
  • Understand the transitional provisions
  • Understand the effect of new changes to financial statements

Programme Outline

New and Amended Standards with effective date on or after 1 January 2016
 New and Amended Standards Issued in 2014Effective Date
1IFRS 14 Regulatory Deferred Accounts1 Jan 2016
2Accounting for Acquisition of Interest in Joint Operations
(Amendments to IFRS 11)
1 Jan 2016
3Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to IAS 16 and IAS 38)1 Jan 2016
4IFRS 15 Revenue from Contracts with Customers1 Jan 2018
5Agriculture: Bearer Plant: (Amendments IAS 16 & IAS 41)1 Jan 2016
6IFRS 9 Financial Instruments 1 Jan 2018
7Equity Method in Separate Financial Statements (Amendments to IAS 27)Deferred
8Sale or Contribution of Assets between and Investor and its Associate or Joint venture (Amendments to IFRS 10 and IAS 28)1 Jan 2016
9Annual Improvements 2011-2014 Cycle1 Jan 2016
10IFRS Disclosure Initiative (Amendment to IAS1)1 Jan 2016
11IFRS Investment Entities: Applying the Consolidation Exemption (Amendment to IFRS 10, IFRS 12 & IAS 28)1 Jan 2016
 New and Amended Standards Issued in 2015Effective Date
12015 Amendments to the IFRS for SMEs1 Jan 2017
2Effective Date of IFRS 151 Jan 2018
32015 IFRS for SMEs (Replacing 2009 IFRS for SMEs)1 Jan 2017
4Effective 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 Date
1IFRS 16 Leases1 Jan 2019
2Recognition of Deferred Tax assets for Unrealised Losses (Amendments to IAS12)1 Jan 2017
3Disclosure Initiative (Amendments to IAS7)1 Jan 2017
4Clarifications of IFRS 15 Revenue from Contracts with Customers1 Jan 2018
5Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2)1 Jan 2018
6Transfer to Investment Property (Amendments to IAS 40)1 Jan 2018
7IFRIC 22 Foreign Exchange Considerations and Advance Consideration1 Jan 2018
8Annual 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 2016
ED/2016/1Definition of a Business and Accounting for Previously Held Interests
(Proposed amendments to IFRS 3 and IFRS 11)
 Exposure Drafts Issued in 2017
ED/2017/1Annual Improvement to IFRS Standards 2015-2017 Cycle
 (Will include latest issues on seminar date)
 Other Selected Consultation Documents
ED/2015/3Conceptual Framework for Financial Reporting
ED/2015/8Practice Statements:
Application of Materiality to Financial Statements

Training Methodology
Lecture style, with practical illustrations, technical flow-chart and conceptual “mind map” and interactive discussions.
 
Closing Date for Registration
1 week before programme or until full enrolment
 

Intended For

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.

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

27 Oct 2017 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Danny Tan

Date & Time

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

Registration is closed

Programme Facilitator(s)

Danny Tan

Testimonial

Funding

No funding Available!

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.
 


Introduction

Accounting 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 Objectives

The 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 reporting
  • Enhance knowledge with recent changes to IFRSs
  • Build on existing knowledge and be ready for the changing world of IFRSs
  • Help to plan ahead for future changes
  • Understand the transitional provisions
  • Understand the effect of new changes to financial statements

Programme Outline

New and Amended Standards with effective date on or after 1 January 2016
 New and Amended Standards Issued in 2014Effective Date
1IFRS 14 Regulatory Deferred Accounts1 Jan 2016
2Accounting for Acquisition of Interest in Joint Operations
(Amendments to IFRS 11)
1 Jan 2016
3Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to IAS 16 and IAS 38)1 Jan 2016
4IFRS 15 Revenue from Contracts with Customers1 Jan 2018
5Agriculture: Bearer Plant: (Amendments IAS 16 & IAS 41)1 Jan 2016
6IFRS 9 Financial Instruments 1 Jan 2018
7Equity Method in Separate Financial Statements (Amendments to IAS 27)Deferred
8Sale or Contribution of Assets between and Investor and its Associate or Joint venture (Amendments to IFRS 10 and IAS 28)1 Jan 2016
9Annual Improvements 2011-2014 Cycle1 Jan 2016
10IFRS Disclosure Initiative (Amendment to IAS1)1 Jan 2016
11IFRS Investment Entities: Applying the Consolidation Exemption (Amendment to IFRS 10, IFRS 12 & IAS 28)1 Jan 2016
 New and Amended Standards Issued in 2015Effective Date
12015 Amendments to the IFRS for SMEs1 Jan 2017
2Effective Date of IFRS 151 Jan 2018
32015 IFRS for SMEs (Replacing 2009 IFRS for SMEs)1 Jan 2017
4Effective 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 Date
1IFRS 16 Leases1 Jan 2019
2Recognition of Deferred Tax assets for Unrealised Losses (Amendments to IAS12)1 Jan 2017
3Disclosure Initiative (Amendments to IAS7)1 Jan 2017
4Clarifications of IFRS 15 Revenue from Contracts with Customers1 Jan 2018
5Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2)1 Jan 2018
6Transfer to Investment Property (Amendments to IAS 40)1 Jan 2018
7IFRIC 22 Foreign Exchange Considerations and Advance Consideration1 Jan 2018
8Annual 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 2016
ED/2016/1Definition of a Business and Accounting for Previously Held Interests
(Proposed amendments to IFRS 3 and IFRS 11)
 Exposure Drafts Issued in 2017
ED/2017/1Annual Improvement to IFRS Standards 2015-2017 Cycle
 (Will include latest issues on seminar date)
 Other Selected Consultation Documents
ED/2015/3Conceptual Framework for Financial Reporting
ED/2015/8Practice Statements:
Application of Materiality to Financial Statements

Training Methodology
Lecture style, with practical illustrations, technical flow-chart and conceptual “mind map” and interactive discussions.
 
Closing Date for Registration
1 week before programme or until full enrolment
 

Intended For

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.

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

Registration is closed

Date & Time

27 Oct 2017 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Danny Tan

Venue

60 Cecil Street
ISCA House
Singapore 049709