To reduce the environmental impact and contribute to sustainability efforts, ISCA will contribute our part by eliminating the printing of course materials for selected courses with effect from 2023.
Tips: To make your paperless learning experience more enjoyable, you may bring along a digital device such as a Windows based laptops or tablets to read your online materials during the class. QR code will be provided in the class for you to download the materials in PDF.
Join us and be a Difference Maker! | | 
|
|
Programme Objective
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.
Learning 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.
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
| Prologue | A brief on current environment of applying accounting standards |
| | A brief on the importance of referring to other documents such as Agenda Decisions issued by IFRIC, guidance and bulletins issued by accountancy bodies as well as literatures written on the issues relating to accounting standards |
| |
|
| Section 1 | IFRSs Effective for Annual Reporting period Beginning on or After 1 January 2021 |
| 1 | Interest Rate Benchmark Reform – Phase 2 (IFRS9 and IFRS16) |
| 2 | Covid-19-related Rent Concession beyond 30 June 2021 (IFRS 16) |
| | |
| Section 2 | IFRSs Effective for Annual Reporting Period Beginning on or After 1 January 2022 |
| 1 | Annual Improvements to IFRS 2018-2020 |
| 2 | Property, Plant and Equipment Proceeds before intended use (IAS16) |
| 3 | Onerous Contracts (Cost of fulfilling a contract) (IAS37) |
| 4 | Reference to the Conceptual Framework (Amend IFRS3) |
| | |
| Section 3 | IFRSs Effective for Annual Reporting Period Beginning on or After 1 January 2023 |
| 1 | Classification of liability as current or non-current (IAS 1) |
| 2 | Disclosure of Accounting Policies (IAS1 and PS2) |
| 3 | Accounting Estimate (IAS8) |
| 4 | Deferred Tax related to Assets and Liabilities arising from a Single Transaction (IAS12) |
| | |
| Section 4 | IFRSs Effective for Annual Reporting Period Beginning on or After 1 January 2024 and beyond |
| 1 | Lease Liabilty in a Sale and Leaseback (IFRS 16) |
| 2 | Non-current Liabilities with Covenants (IAS 1) |
| | (Any latest issuance will be included at the date of the seminar) |
| | |
| Section 5 | IFRSs Effective for Annual Reporting Period Beginning on or After 1 January 2025 and beyond (Any latest update will be included at the date of the seminar) |
| | |
| Section 6 | Selected Important Discussion Papers and Exposure Drafts
(List as at publication date – will be updated at date of seminar) |
| 1 | ED/2023/1 International Tax Reform - Pillar Two Model Rules (amendment to IAS12) |
| 2 | ED/2023/2 Amendments to the Classification and Measurement of Financial Instruments (ammendments to IFRS 9 and IFRS 7) |
| 3 | IFRS for SMEs Accounting Standards (3rd edition) |
| 4 | ED/2021/1 Regulatory Assets and Regulatory Liabilities |
| 5 | ED/2021/3 Disclosure Requirements in IFRS Standards – A Pilot Approach
(Amendments to IFRS 13 and IAS 19) |
| 6 | ED/2021/4 Lack of Exchangeability |
| 7 | ED/2021/7 Subsidiaries without Public Accountability: Disclosure |
| 8 | ED/2021/10 Supplier Financing Arrangements |
| | |
| Section 7 | Discussion Papers and Ongoing Active Projects |
| 1 | DP/2020/1 Business Combinations - Disclosure, Goodwill, and Impairment |
| 2 | DP/2020/2 Business Combinations under Common Control |
| 3 | DP/2018/1 Financial Instruments with Characteristic of Equity |
| | |
| Epilogue | A brief on earlier years amendments or new accounting standards that may have significant impacts on the current application |
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)
To reduce the environmental impact and contribute to sustainability efforts, ISCA will contribute our part by eliminating the printing of course materials for selected courses with effect from 2023.
Tips: To make your paperless learning experience more enjoyable, you may bring along a digital device such as a Windows based laptops or tablets to read your online materials during the class. QR code will be provided in the class for you to download the materials in PDF.
Join us and be a Difference Maker! | |
|
|
Programme Objective
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.
Learning 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.
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
| Prologue | A brief on current environment of applying accounting standards |
| | A brief on the importance of referring to other documents such as Agenda Decisions issued by IFRIC, guidance and bulletins issued by accountancy bodies as well as literatures written on the issues relating to accounting standards |
| |
|
| Section 1 | IFRSs Effective for Annual Reporting period Beginning on or After 1 January 2021 |
| 1 | Interest Rate Benchmark Reform – Phase 2 (IFRS9 and IFRS16) |
| 2 | Covid-19-related Rent Concession beyond 30 June 2021 (IFRS 16) |
| | |
| Section 2 | IFRSs Effective for Annual Reporting Period Beginning on or After 1 January 2022 |
| 1 | Annual Improvements to IFRS 2018-2020 |
| 2 | Property, Plant and Equipment Proceeds before intended use (IAS16) |
| 3 | Onerous Contracts (Cost of fulfilling a contract) (IAS37) |
| 4 | Reference to the Conceptual Framework (Amend IFRS3) |
| | |
| Section 3 | IFRSs Effective for Annual Reporting Period Beginning on or After 1 January 2023 |
| 1 | Classification of liability as current or non-current (IAS 1) |
| 2 | Disclosure of Accounting Policies (IAS1 and PS2) |
| 3 | Accounting Estimate (IAS8) |
| 4 | Deferred Tax related to Assets and Liabilities arising from a Single Transaction (IAS12) |
| | |
| Section 4 | IFRSs Effective for Annual Reporting Period Beginning on or After 1 January 2024 and beyond |
| 1 | Lease Liabilty in a Sale and Leaseback (IFRS 16) |
| 2 | Non-current Liabilities with Covenants (IAS 1) |
| | (Any latest issuance will be included at the date of the seminar) |
| | |
| Section 5 | IFRSs Effective for Annual Reporting Period Beginning on or After 1 January 2025 and beyond (Any latest update will be included at the date of the seminar) |
| | |
| Section 6 | Selected Important Discussion Papers and Exposure Drafts
(List as at publication date – will be updated at date of seminar) |
| 1 | ED/2023/1 International Tax Reform - Pillar Two Model Rules (amendment to IAS12) |
| 2 | ED/2023/2 Amendments to the Classification and Measurement of Financial Instruments (ammendments to IFRS 9 and IFRS 7) |
| 3 | IFRS for SMEs Accounting Standards (3rd edition) |
| 4 | ED/2021/1 Regulatory Assets and Regulatory Liabilities |
| 5 | ED/2021/3 Disclosure Requirements in IFRS Standards – A Pilot Approach
(Amendments to IFRS 13 and IAS 19) |
| 6 | ED/2021/4 Lack of Exchangeability |
| 7 | ED/2021/7 Subsidiaries without Public Accountability: Disclosure |
| 8 | ED/2021/10 Supplier Financing Arrangements |
| | |
| Section 7 | Discussion Papers and Ongoing Active Projects |
| 1 | DP/2020/1 Business Combinations - Disclosure, Goodwill, and Impairment |
| 2 | DP/2020/2 Business Combinations under Common Control |
| 3 | DP/2018/1 Financial Instruments with Characteristic of Equity |
| | |
| Epilogue | A brief on earlier years amendments or new accounting standards that may have significant impacts on the current application |
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)
