Programme Objective

This workshop will focus on accounting for Financial Instruments with emphasis on FRS 109 Financial Instruments new accounting standard on Financial Instruments that includes guidance on classification and measurement of financial assets and liabilities, the expected credit losses model and its related tax implications.
 

Programme Outline

•   Overview of FRS 109 – Financial instruments
•   Classification and measurement: Financial Asset & Financial Liabilities

• Amortized cost
• Fair value
  • Fair value through Profit or loss
  • Fair value through OCI

•   Accounting for Derivatives
•   Subsequent measurement: Expected credit loss model
•   Tax treatment of the FRS 109 adjustments

Learning outcome

•   Understanding of new concepts under FRS 109
•   Changes from FRS 39
•   Understanding the tax impact of accounting adjustments resulting from FRS 109
•   Understanding the information that needs to be collated for submission to the IRAS as well as the timing of the submission

Training Methodology

Lecture style with exercises /case studies.

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

Intended For

Accountants, Controllers, Finance managers, Auditors and All Accounting Professionals.

Programme Facilitator(s)