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.

Programme Objective

IAS 8 (equivalent to FRS 8, SFRS (I) 1-8 and Section 10 of SFRS for small entities), is the financial reporting standard provided in guiding reporting accountants in presenting and disclosing change in accounting policies, change of accounting estimates and correction of error, in the year of impact.

This workshop aims to guide accountants in applying this reporting standards on case studies relevant to newly adopted reporting standards e.g. IFRS 16 Leases and addressing the impact of disruptions from Covid-19.

Learning Objectives

Upon completion of this course, participants are able to:

• Understand and Apply change of accounting policies, change of accounting estimates and correction of errors as per IAS 8
• Report and Present its impact in current financial year with clarity and reliability in enhancing comparability
• Apply IAS 8 in addressing the adoption of new reporting standards i.e. IFRS 16 Leases and IFRS 9 Expected credit losses
• Differentiate applying changes using retrospective vs prospective method appropriately and confidently

Programme Outline

• Introduction to IAS 8
• Updates in IAS 8: Definition of accounting estimates wef 2023
• Accounting treatment and presentation for change of accounting policies
• Accounting treatment and presentation for change of accounting estimates
• Accounting treatment and presentation for correction of errors
• Questions and Answers

 

Pre-requisites

Please take note of the following admission requirements:

• Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
• Mandatory for video camera to be turned on throughout the course
• Display your official name (as per NRIC) in Zoom, to facilitate attendance taking

Training Methodology
Interactive presentations, together with class exercises, case studies simulations and discussions.


Closing Date for Registration
1 week before programme or until full enrolment.

Intended For

• Accountants • Financial reporting officers • Internal audit • Compliance • Academicians

Programme Facilitator(s)