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

Programme Facilitator(s)