Programme ObjectiveThe program aims to provide an overview of the changes to FRS from the latest annual improvement project, cover the new standards applicable for 2021/2022, and provide details of the latest standards issues by the IASB and their respective application in Singapore by ASC. Practical examples to solve problems in selected standards will also be discussed.
Programme Objective
The program aims to provide an overview of the changes to FRS from the latest annual improvement project, cover the new standards applicable for 2021/2022, and provide details of the latest standards issues by the IASB and their respective application in Singapore by ASC. Practical examples to solve problems in selected standards will also be discussed.
1. Overview of projects of the IASB and current trends2. New standards an interpretations effective since 2020Definition of a BusinessDefinition of MaterialMaking Materiality Judgements (Application date – 1 August 2018)Interest Rate Benchmark Reform3. Annual improvement cycle 2017-2020 and including changes to existing standards FRS 12 Income TaxFRS 23 Borrowing CostsFRS 102 Sharebased paymentsFRS 40 Investment Property4. New / updated standards applicable and practical issues with FRS 1 – Classification of LiabilitiesFRS 16 Property, Plant and Equipment – Proceeds Before Intended UseFRS 37 – Onerous Contracts – Cost of fulfilling a contractFRS 115 Revenues from contract with customersFRS 116 Leasing – lease incentivesFRS 109 Financial Instruments – 10 % test for derecognition of financial liabilities5. Latest interpretations in Singapore INT FRS 121 LeviesINT FRS 122 Foreign Currency TransactionsINT FRS 123 Uncertain Income Tax TreatmentsTraining MethodologyLecture style, with Exercises/Case StudiesClosing Date for Registration1 week before programme or until full enrolment
1. Overview of projects of the IASB and current trends2. New standards an interpretations effective since 2020
3. Annual improvement cycle 2017-2020 and including changes to existing standards
4. New / updated standards applicable and practical issues with
5. Latest interpretations in Singapore
Training MethodologyLecture style, with Exercises/Case StudiesClosing Date for Registration1 week before programme or until full enrolment
A Foundation to Intermediate Level programme intended for Chief Financial Officers, Financial Controllers, Finance Managers, Auditors, Accountants and those involved in the preparation and interpretation of financial statements. Other users of financial information will also find the programme beneficial.
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This Course is Intended for CA Singapore Users..
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