The contemporary financial reporting environment is evolving rapidly, with increasing complexity driven by ever-changing financial markets and growing demands from users for more relevant financial information. Such information is crucial for decision-making related to buying, holding, or selling equity and debt instruments.
To address these challenges, the IASB continuously updates and enhances existing IFRS Accounting Standards and issues new ones. These efforts aim to provide financial information about reporting entities that is useful to primary users in making informed decisions about resource allocation.
However, these frequent updates to IFRS Accounting Standards present a significant challenge for preparers and auditors of General Purpose Financial Statements, who must stay current with these changes. This annual technical update seminar seeks to alleviate that burden by offering a comprehensive technical briefing tailored for busy professionals.
On the completion of this course:
- Stay updated on the latest developments in financial reporting.
- Enhance your knowledge of recent changes to IFRS Accounting Standards.
- Build on your existing expertise to stay prepared for the evolving world of IFRS.
- Plan ahead for upcoming changes and their implementation.
- Gain a thorough understanding of transitional provisions.
- Understand how new changes will impact financial statements.
- Get an early start on applying the requirements of the two new IFRS Sustainability Disclosure Standards
Programme Outline
| | Prologue: A brief on the 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 literature written on the issues relating to accounting standards
- A brief on the environment of applying IFRS Sustainability Standards
|
| | |
| | IFRS Accounting Standards with effective date* 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 & Liabilities arising from a Single Transaction (IAS12) |
| 5 | International Tax Reform – Pillar Two model Rules
(For both IAS12 and IFRS for SMEs) |
| | |
| | IFRS Accounting Standards with effective date* 1 January 2024 |
| 1 | Lease Liability in a Sale and Leaseback (IFRS16) |
| 2 | Non-current Liabilities with Covenants (IAS 1) |
| 3 | Supplier Financing Arrangements (IAS7 and IFRS 7) |
| | |
| | IFRS Accounting Standards with effective date* 1 January 2025 |
| 1 | Lack of Exchangeability (IAS 21) |
| | |
| | IFRS Accounting Standards with effective date* 1 January 2026 |
| 1 | Amendment to IFRS9 & IFRS7: Amendments to classification & measurement of financial instruments |
| 2 | Annual Improvements Volume 11 |
| 3 | Contract Referencing Nature-dependent Electricity (Amendment to IFRS7 and IFRS9) |
| | (Any latest issuance will be included) |
| | |
| | IFRS Accounting Standards with effective date* 1 January 2027 and beyond |
| 1 | IFRS 18 Presentation and Disclosure of Financial Statements (Effective 1Jan2027) |
| 2 | IFRS 19 Subsidiaries without Public Accountability: Disclosures (Effective 1Jan2027) |
| | (Any latest issuance will be included) |
| | |
| | Recent Exposure Drafts and Discussion Papers |
| | | Exposure Drafts issued in 2025 |
| | | (None as at publication date – will be updated at date of seminar) |
| | | |
| | | Exposure Drafts issued in 2024 |
| 1 | ED/2024/1 | Business Combinations – Disclosures, Goodwill and Impairment (Amendments to IFRS3 and IAS36) |
| 2 | ED/2024/2 | Addendum to Exposure Draft - Third Edition of the IFRS for SMEs |
| 3 | ED/2024/3 | Contracts for Renewable Electricity (Amendments to IFRS9 and IFRS7) |
| 4 | ED/2024/4 | Translation to a Hyperinflationary Presentation Currency
(Amendments to IAS 21) |
| 5 | ED/2024/5 | Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures |
| 6 | ED/2024/6 | Climate-related and Other Uncertainties in the Financial Statements
Proposed illustrative examples |
| 7 | ED/2024/7 | Equity Method of Accounting (IAS 28 Investments in Associates and Joint Ventures) |
| 8 | ED/2024/8 | Provision – Targeted Improvements (IAS 37) |
| | |
| | Selection of earlier Exposure Drafts, Discussion Papers and ongoing active projects |
| 1 | ED/2023/5 | Financial Instruments with Characteristics of Equity (Amendments to IAS32, IFRS7 and IAS1) |
| 2 | ED/2023/4 | Annual Improvements – Volume 11 |
| 3 | ED/2023/1 | Third Edition of the IFRS for SMEs Accounting Standards |
| 4 | ED/2021/1 | Regulatory Assets and Regulatory Liabilities |
| 5 | DP/2020/2 | Business Combinations under Common Control |
* Effective date = Effective for Annual Reporting period Beginning on or After
Closing Date for Registration*
3 Days before webinar date
Intended For
This programme is suitable for preparers and auditors of financial statements, members of audit committee, finance directors and regulators and for those who are keen to keep up to date with latest changes to IFRS accounting standards.
Competency Mapping
Category 1 = 7.00 Hours
Schedule & Fees
Date & Time
20 Aug 2025 (9:00 AM - 5:00 PM)
Fee (inclusive of GST)
SGD pricing -
For Members:
$ 328.09
For Non-Members:
$ 394.58
Programme Facilitator(s)
Danny Tan
Venue
Live Webinar in or outside of
Singapore
Date & Time
17 Nov 2025 (9:00 AM - 5:00 PM)
Fee (inclusive of GST)
SGD pricing -
For Members:
$ 393.49
For Non-Members:
$ 473.06
Programme Facilitator(s)
Danny Tan
Venue
Live Webinar in or outside of
Singapore
Date & Time
12 Dec 2025 (9:00 AM - 5:00 PM)
Fee (inclusive of GST)
SGD pricing -
For Members:
$ 393.49
For Non-Members:
$ 473.06
Programme Facilitator(s)
Danny Tan
Venue
Live Webinar in or outside of
Singapore
Testimonial
Funding
No funding Available!
Programme Facilitator(s)
Danny Tan
Danny is a consultant providing continuing professional development training for the accountancy profession as well as providing consultancy services on financial reporting technical matters. He has over 35 years’ experience in public practice, commerce, and industry. He was trained and qualified as a professional accountant with a firm in London. Danny conducts courses in IFRS and IPSAS in Europe, Middle East, and Asia Pacific. He is currently a member of the Small and Medium-size Entities Implementation Group (SMEIG) that consider the need to amend IFRS for SMEs Accounting Standard and make recommendation to the Board of IASB. He is also a project manager for the MASB. He currently holds several advisory roles in financial reporting technical matters.
Danny holds an Honours Degree in Economics (major in finance and investment) from Manchester Metropolitan University (UK), MBA from Heriot-Watt University (UK) and Master in Advance Business Practice from University of South Australia. He is a fellow member of The Chartered Instituted of Management Accountants, and The Association of Chartered Certified Accountants. He is also a member of The Institute of Singapore Chartered Accountants, Malaysian Institute of Accountants and an associate member of Chartered Tax Institute of Malaysia.
The contemporary financial reporting environment is evolving rapidly, with increasing complexity driven by ever-changing financial markets and growing demands from users for more relevant financial information. Such information is crucial for decision-making related to buying, holding, or selling equity and debt instruments.
To address these challenges, the IASB continuously updates and enhances existing IFRS Accounting Standards and issues new ones. These efforts aim to provide financial information about reporting entities that is useful to primary users in making informed decisions about resource allocation.
However, these frequent updates to IFRS Accounting Standards present a significant challenge for preparers and auditors of General Purpose Financial Statements, who must stay current with these changes. This annual technical update seminar seeks to alleviate that burden by offering a comprehensive technical briefing tailored for busy professionals.
On the completion of this course:
- Stay updated on the latest developments in financial reporting.
- Enhance your knowledge of recent changes to IFRS Accounting Standards.
- Build on your existing expertise to stay prepared for the evolving world of IFRS.
- Plan ahead for upcoming changes and their implementation.
- Gain a thorough understanding of transitional provisions.
- Understand how new changes will impact financial statements.
- Get an early start on applying the requirements of the two new IFRS Sustainability Disclosure Standards
Programme Outline
| | Prologue: A brief on the 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 literature written on the issues relating to accounting standards
- A brief on the environment of applying IFRS Sustainability Standards
|
| | |
| | IFRS Accounting Standards with effective date* 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 & Liabilities arising from a Single Transaction (IAS12) |
| 5 | International Tax Reform – Pillar Two model Rules
(For both IAS12 and IFRS for SMEs) |
| | |
| | IFRS Accounting Standards with effective date* 1 January 2024 |
| 1 | Lease Liability in a Sale and Leaseback (IFRS16) |
| 2 | Non-current Liabilities with Covenants (IAS 1) |
| 3 | Supplier Financing Arrangements (IAS7 and IFRS 7) |
| | |
| | IFRS Accounting Standards with effective date* 1 January 2025 |
| 1 | Lack of Exchangeability (IAS 21) |
| | |
| | IFRS Accounting Standards with effective date* 1 January 2026 |
| 1 | Amendment to IFRS9 & IFRS7: Amendments to classification & measurement of financial instruments |
| 2 | Annual Improvements Volume 11 |
| 3 | Contract Referencing Nature-dependent Electricity (Amendment to IFRS7 and IFRS9) |
| | (Any latest issuance will be included) |
| | |
| | IFRS Accounting Standards with effective date* 1 January 2027 and beyond |
| 1 | IFRS 18 Presentation and Disclosure of Financial Statements (Effective 1Jan2027) |
| 2 | IFRS 19 Subsidiaries without Public Accountability: Disclosures (Effective 1Jan2027) |
| | (Any latest issuance will be included) |
| | |
| | Recent Exposure Drafts and Discussion Papers |
| | | Exposure Drafts issued in 2025 |
| | | (None as at publication date – will be updated at date of seminar) |
| | | |
| | | Exposure Drafts issued in 2024 |
| 1 | ED/2024/1 | Business Combinations – Disclosures, Goodwill and Impairment (Amendments to IFRS3 and IAS36) |
| 2 | ED/2024/2 | Addendum to Exposure Draft - Third Edition of the IFRS for SMEs |
| 3 | ED/2024/3 | Contracts for Renewable Electricity (Amendments to IFRS9 and IFRS7) |
| 4 | ED/2024/4 | Translation to a Hyperinflationary Presentation Currency
(Amendments to IAS 21) |
| 5 | ED/2024/5 | Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures |
| 6 | ED/2024/6 | Climate-related and Other Uncertainties in the Financial Statements
Proposed illustrative examples |
| 7 | ED/2024/7 | Equity Method of Accounting (IAS 28 Investments in Associates and Joint Ventures) |
| 8 | ED/2024/8 | Provision – Targeted Improvements (IAS 37) |
| | |
| | Selection of earlier Exposure Drafts, Discussion Papers and ongoing active projects |
| 1 | ED/2023/5 | Financial Instruments with Characteristics of Equity (Amendments to IAS32, IFRS7 and IAS1) |
| 2 | ED/2023/4 | Annual Improvements – Volume 11 |
| 3 | ED/2023/1 | Third Edition of the IFRS for SMEs Accounting Standards |
| 4 | ED/2021/1 | Regulatory Assets and Regulatory Liabilities |
| 5 | DP/2020/2 | Business Combinations under Common Control |
* Effective date = Effective for Annual Reporting period Beginning on or After
Closing Date for Registration*
3 Days before webinar date
Intended For
This programme is suitable for preparers and auditors of financial statements, members of audit committee, finance directors and regulators and for those who are keen to keep up to date with latest changes to IFRS accounting standards.
Competency Mapping
Category 1 = 7.00 Hours
Programme Facilitator(s)
Danny Tan
Danny is a consultant providing continuing professional development training for the accountancy profession as well as providing consultancy services on financial reporting technical matters. He has over 35 years’ experience in public practice, commerce, and industry. He was trained and qualified as a professional accountant with a firm in London. Danny conducts courses in IFRS and IPSAS in Europe, Middle East, and Asia Pacific. He is currently a member of the Small and Medium-size Entities Implementation Group (SMEIG) that consider the need to amend IFRS for SMEs Accounting Standard and make recommendation to the Board of IASB. He is also a project manager for the MASB. He currently holds several advisory roles in financial reporting technical matters.
Danny holds an Honours Degree in Economics (major in finance and investment) from Manchester Metropolitan University (UK), MBA from Heriot-Watt University (UK) and Master in Advance Business Practice from University of South Australia. He is a fellow member of The Chartered Instituted of Management Accountants, and The Association of Chartered Certified Accountants. He is also a member of The Institute of Singapore Chartered Accountants, Malaysian Institute of Accountants and an associate member of Chartered Tax Institute of Malaysia.