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.

Programme Objective

To discuss the provisions of the new/revised Financial Reporting Standards issued by the Accounting Standards Council and effective from the years 2020 - 2023.

Programme Outline

 

  • SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2020
    • Amendments to SFRS(I) 3: Definition of a Business
    • Amendments to SFRS(I) 1-1 and SFRS(I) 1-8: Definition of Material
    • FRS Practice Statement 2 – Making Materiality Judgements (Application date – 1 August 2018)
    • Amendments to SFRS(I) 9, SFRS(I) 1-39 and SFRS(I) 7: Interest Rate Benchmark Reform
  • SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2021
    • Amendments to SFRS(I) 9, SFRS(I) 1-39, SFRS(I) 7, and SFRS(I) 16: Interest Rate Benchmark Reform — Phase 2
  • SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2022
    • Amendments to SFRS(I) 3 Reference to the Conceptual Framework
    • Amendments to SFRS(I) 1-16 Property, Plant and Equipment - Proceeds before Intended Use
    • Amendments to SFRS(I) 1-37 Onerous Contracts—Cost of Fulfilling a Contract
    • Annual Improvements to SFRS(I)s 2018–2020
  • SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2023
    • Amendments to SFRS(I) 1-1 Classification of Liabilities as Current or Non-Current
    • Amendments to SFRS(I) 1-1 Financial Reporting Bulletin 3 Classification of Liabilities as Current or Non-current
    • Amendments to SFRS(I) 1-1 and FRS(I) Practice Statement 2 Disclosure of Accounting Policies
    • Amendments to SFRS(I) 1-8 Definition of Accounting Estimates
    • Amendments to SFRS(1) 1-12 Deferred Tax related to Assets and Liabilities arising from a Single Transaction


Training Methodology

Lecture style with exercises / case studies

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

A Foundation to Intermediate Level programme intended for Practising and Non-Practising Accountants and Auditors.

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.

Programme Objective

To discuss the provisions of the new/revised Financial Reporting Standards issued by the Accounting Standards Council and effective from the years 2020 - 2023.

Programme Outline

 

  • SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2020
    • Amendments to SFRS(I) 3: Definition of a Business
    • Amendments to SFRS(I) 1-1 and SFRS(I) 1-8: Definition of Material
    • FRS Practice Statement 2 – Making Materiality Judgements (Application date – 1 August 2018)
    • Amendments to SFRS(I) 9, SFRS(I) 1-39 and SFRS(I) 7: Interest Rate Benchmark Reform
  • SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2021
    • Amendments to SFRS(I) 9, SFRS(I) 1-39, SFRS(I) 7, and SFRS(I) 16: Interest Rate Benchmark Reform — Phase 2
  • SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2022
    • Amendments to SFRS(I) 3 Reference to the Conceptual Framework
    • Amendments to SFRS(I) 1-16 Property, Plant and Equipment - Proceeds before Intended Use
    • Amendments to SFRS(I) 1-37 Onerous Contracts—Cost of Fulfilling a Contract
    • Annual Improvements to SFRS(I)s 2018–2020
  • SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2023
    • Amendments to SFRS(I) 1-1 Classification of Liabilities as Current or Non-Current
    • Amendments to SFRS(I) 1-1 Financial Reporting Bulletin 3 Classification of Liabilities as Current or Non-current
    • Amendments to SFRS(I) 1-1 and FRS(I) Practice Statement 2 Disclosure of Accounting Policies
    • Amendments to SFRS(I) 1-8 Definition of Accounting Estimates
    • Amendments to SFRS(1) 1-12 Deferred Tax related to Assets and Liabilities arising from a Single Transaction


Training Methodology

Lecture style with exercises / case studies

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

A Foundation to Intermediate Level programme intended for Practising and Non-Practising Accountants and Auditors.

Programme Facilitator(s)


No course instances or course instance sessions available.