This course goes beyond technicalities  of FRSs to highlight the critical role of ethics, governance, and professional judgment in key financial reporting areas. Through real-world case studies, role-play exercises, and scenario analysis, participants will explore how governance and ethics intersect with FRSs to shape corporate decision-making, strengthen stakeholder trust and safeguard financial integrity.

At the end of this course, you will be able to:

1. Apply key FRS requirements to practical reporting situations;
2. Evaluate how governance and ethics affect financial reporting decisions;
3. Exercise sound professional  judgment in complex accounting scenarios;
4. Demonstrate to the ability to communicate financial positions with integrity to stakeholders; and
5. Integrate ethics and governance principles into financial reporting practices through case-based application.

Programme Outline

Tangible Assets, Leases, Valuation & Grants

• FRS 16 Property, Plant & Equipment – capitalisation vs expensing, impairment testing, governance and approval processes, and the ethical risks of aggressive capitalisation.
• FRS 116 Leases – embedded leases, sale & leasebacks, substance over form, structuring risks, and lessons on governance breakdowns.
• FRS 113 Fair Value Measurement – hierarchy levels, external valuers, optimism bias, and the ethical line between fair presentation vs opportunistic valuation.
• FRS 20 Government Grants – grant recognition and deferral, conditions attached, governance around compliance, and ethical pitfalls of subsidy manipulation.
• Integration Segment #1 – cross-standard application through case studies and role-play illustrating how ethics and governance underpin technical reporting choices.

Financial Instruments, Group Reporting & Transfer Pricing

• FRS 109 Financial Instruments – ECL provisioning, classification choices, smoothing risks, and governance oversight in financial risk reporting.
• FRS 110, FRS 24 Group Reporting & Related Parties– consolidation dilemmas, structured entities, related-party disclosures, and ethical transparency in group structures.
• Transfer Pricing Considerations – financial reporting vs tax implications, minority fairness, and the governance role in balancing shareholder vs regulator interests.
• Integration Segment #2 – cross-standard application through case studies and role-play highlighting how ethical blind spots and governance failures amplify technical weaknesses.

Training Methodology*

 

Intended For

This course is designed for accounting and finance professionals across all seniority levels (accountants, finance managers, controllers, business partners) who want to deepen their understanding of key FRS standards in connection with governance, ethics, and practical decision-making.

Competency Mapping

Category 1 = 5.00 Hours
Category 2 = 2.00 Hours

Programme Facilitator(s)