Course Detail()
Not Available

UTAP Funding

7.00 CPE Hours (Category 1, Category 2, Category 3, Category 4, Others)
Live Webinar

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.
 

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 detail technical brief for busy professionals.

 

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 seminar.

Benefits of attending

  • Be up to date with latest development in financial reporting
  • Enhanced 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

Section 1

IFRSs Effective for Annual Reporting period Beginning on or After 1 January 2018

1

IFRS15: Revenue from Contracts with Customers

2

IFRS9: Financial Instruments

3

Amendments to IFR2: Classification and Measurement of Share Based Payment Transactions

4

IFRIC22 Foreign Currency Translation and Advance Consideration

5

IAS40 Investment Property (Transfer of Investment Property)

6

Annual Improvements: 2014-2016 Cycle

 

Section 2

IFRSs Effective for Annual Reporting period Beginning on or After 1 January 2019

1

New IFRS16: Leases

2

Long-term Interests in Associates and Joint Ventures (Amendments to IAS27)

3

IFRIC23 Uncertainty over Income Tax Treatments

4

Prepayment Features with Negative Compensation (Amendment to IFRS9)

 

Section 3

IFRSs Effective for Annual Reporting period Beginning on or After 1 January 2020

1

Conceptual Framework for Financial Reporting

2

Definition of Materiality (Amendment to IAS1 and IAS8)

3

Definition of a Business (Amendment to IFRS3)

4

Interest Rate benchmark Reform (IFRS9, IFRS7)

5

Covid-19-Rrelated Rent Concession (IFRS16)

 

 

Section 4

IFRSs Effective for Annual Reporting Period Beginning on or After 1 January 2022

(As at publication date there are not IFRSs effective 1 January 2021)

1

IAS1 classification of liability as current or non-current

2

Annual Improvements to IFRS 2018-2020

3

IFRS16 PPE Proceeds before intended use

4

IAS37 onerous Contracts (Cost of fulfilling a contract)

5

Reference to the Conceptual Framework (Amend IFRS3)

 

 

Section 5

Recent Technical Documents updated nearer to webinar date

 

Selected Important Discussion Papers and Exposure Drafts

( Latest EDs and DPs will be included at date of seminar)

1

ED/1019/5 Deferred tax related to Assets and Liabilities arising from a Single Transactions

2

ED/2019/6 Disclosure of Accounting Policies (IAS1 and Practice Statement 2)

3

ED/2019/7 General Presentation and Disclosures

4

DP/2020/1 business Combinations – disclosures Goodwill and Impairment

 

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 and for those who are keen to keep up to date with latest changes to IFRSs and SFRSs.

Schedule & Fees

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.
 
To find out more on the UTAP funding and support validity period please click here.
 

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)

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.
 

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 detail technical brief for busy professionals.

 

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 seminar.

Benefits of attending

  • Be up to date with latest development in financial reporting
  • Enhanced 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

Section 1

IFRSs Effective for Annual Reporting period Beginning on or After 1 January 2018

1

IFRS15: Revenue from Contracts with Customers

2

IFRS9: Financial Instruments

3

Amendments to IFR2: Classification and Measurement of Share Based Payment Transactions

4

IFRIC22 Foreign Currency Translation and Advance Consideration

5

IAS40 Investment Property (Transfer of Investment Property)

6

Annual Improvements: 2014-2016 Cycle

 

Section 2

IFRSs Effective for Annual Reporting period Beginning on or After 1 January 2019

1

New IFRS16: Leases

2

Long-term Interests in Associates and Joint Ventures (Amendments to IAS27)

3

IFRIC23 Uncertainty over Income Tax Treatments

4

Prepayment Features with Negative Compensation (Amendment to IFRS9)

 

Section 3

IFRSs Effective for Annual Reporting period Beginning on or After 1 January 2020

1

Conceptual Framework for Financial Reporting

2

Definition of Materiality (Amendment to IAS1 and IAS8)

3

Definition of a Business (Amendment to IFRS3)

4

Interest Rate benchmark Reform (IFRS9, IFRS7)

5

Covid-19-Rrelated Rent Concession (IFRS16)

 

 

Section 4

IFRSs Effective for Annual Reporting Period Beginning on or After 1 January 2022

(As at publication date there are not IFRSs effective 1 January 2021)

1

IAS1 classification of liability as current or non-current

2

Annual Improvements to IFRS 2018-2020

3

IFRS16 PPE Proceeds before intended use

4

IAS37 onerous Contracts (Cost of fulfilling a contract)

5

Reference to the Conceptual Framework (Amend IFRS3)

 

 

Section 5

Recent Technical Documents updated nearer to webinar date

 

Selected Important Discussion Papers and Exposure Drafts

( Latest EDs and DPs will be included at date of seminar)

1

ED/1019/5 Deferred tax related to Assets and Liabilities arising from a Single Transactions

2

ED/2019/6 Disclosure of Accounting Policies (IAS1 and Practice Statement 2)

3

ED/2019/7 General Presentation and Disclosures

4

DP/2020/1 business Combinations – disclosures Goodwill and Impairment

 

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 and for those who are keen to keep up to date with latest changes to IFRSs and SFRSs.

Programme Facilitator(s)


No course instances or course instance sessions available.