This module provides a comprehensive introduction to the Singapore Financial Reporting Standard for Small Entities (SFRS for SE), designed to simplify compliance for smaller businesses. Participants will explore the scope, eligibility, and practical applications of SFRS for SE, with clear comparisons to the full SFRS framework. Through real-world examples, the module covers key simplifications in recognition, measurement, and disclosures, and examines their impact on financial statements, business decisions, and stakeholder relationships. Participants will also learn how to manage the transition to SFRS for SE effectively, including systems alignment, staff training, and avoiding common implementation pitfalls.
At the end of the module, participants will be able to:
- Explain the purpose, scope, and eligibility criteria of SFRS for SE and how it differs from the full SFRS.
- Identify key simplifications in financial reporting under SFRS for SE, including changes in recognition, measurement, and disclosure requirements.
- Interpret the impact of SFRS for SE on financial statements, including structural changes and reduced disclosure obligations.
- Assess how adoption of SFRS for SE influences financial ratios, investor perception, and relationships with financial institutions.
- Develop a practical plan to transition to SFRS for SE, including system updates, staff training, and compliance considerations.
Programme Outline
Introduction to SFRS for SE
- Understanding the purpose and scope of SFRS for SE
- Key differences between SFRS for SE and full SFRS
- Eligibility criteria and applicability for businesses
Simplified Financial Reporting Under SFRS for SE
- Reduction of compliance burden: What has changed?
- Key simplifications in recognition, measurement, and disclosures
- Practical examples of financial reporting under SFRS for SE
The Impact on Financial Statements
- Changes in the structure and presentation of financial statements
- Reduced disclosure requirements: What you need to know
- How assets, liabilities, income and expense recognition are affected
Business Implications of SFRS for SE
- How SFRS for SE affects key financial ratios and investor perception
- Impact on loan agreements and banking relationships
- Navigating compliance challenges and stakeholder communication
Transitioning to SFRS for SE
- Practical steps to adopt the new standard efficiently
- Aligning accounting systems and training staff
- Common pitfalls and how to avoid them
Training Methodology*
Workshop style with SME case studies and exercise
Closing Date for Registration*
12 October 2025
Intended For
For SME Business Owners/Entrepreneurs and SME Professionals.
Competency Mapping
Others = 3.50 Hours
Schedule & Fees
Date & Time
14 Oct 2025 (9:00 AM - 5:00 PM)
Fee (inclusive of GST)
SGD pricing -
For Members:
$ 163.50
For Non-Members:
$ 163.50
Programme Facilitator(s)
Danny Tan
Venue
60 Cecil Street
Singapore 049709
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.
This module provides a comprehensive introduction to the Singapore Financial Reporting Standard for Small Entities (SFRS for SE), designed to simplify compliance for smaller businesses. Participants will explore the scope, eligibility, and practical applications of SFRS for SE, with clear comparisons to the full SFRS framework. Through real-world examples, the module covers key simplifications in recognition, measurement, and disclosures, and examines their impact on financial statements, business decisions, and stakeholder relationships. Participants will also learn how to manage the transition to SFRS for SE effectively, including systems alignment, staff training, and avoiding common implementation pitfalls.
At the end of the module, participants will be able to:
- Explain the purpose, scope, and eligibility criteria of SFRS for SE and how it differs from the full SFRS.
- Identify key simplifications in financial reporting under SFRS for SE, including changes in recognition, measurement, and disclosure requirements.
- Interpret the impact of SFRS for SE on financial statements, including structural changes and reduced disclosure obligations.
- Assess how adoption of SFRS for SE influences financial ratios, investor perception, and relationships with financial institutions.
- Develop a practical plan to transition to SFRS for SE, including system updates, staff training, and compliance considerations.
Programme Outline
Introduction to SFRS for SE
- Understanding the purpose and scope of SFRS for SE
- Key differences between SFRS for SE and full SFRS
- Eligibility criteria and applicability for businesses
Simplified Financial Reporting Under SFRS for SE
- Reduction of compliance burden: What has changed?
- Key simplifications in recognition, measurement, and disclosures
- Practical examples of financial reporting under SFRS for SE
The Impact on Financial Statements
- Changes in the structure and presentation of financial statements
- Reduced disclosure requirements: What you need to know
- How assets, liabilities, income and expense recognition are affected
Business Implications of SFRS for SE
- How SFRS for SE affects key financial ratios and investor perception
- Impact on loan agreements and banking relationships
- Navigating compliance challenges and stakeholder communication
Transitioning to SFRS for SE
- Practical steps to adopt the new standard efficiently
- Aligning accounting systems and training staff
- Common pitfalls and how to avoid them
Training Methodology*
Workshop style with SME case studies and exercise
Closing Date for Registration*
12 October 2025
Intended For
For SME Business Owners/Entrepreneurs and SME Professionals.
Competency Mapping
Others = 3.50 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.