Course Detail(A236 : A Technical Update on IFRS - 2018 [Including SFRS(I)])

A236 : A Technical Update on IFRS - 2018 [Including SFRS(I)]

7.00 CPE Hours (Category 1)
Classroom


Programme Overview
 
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.
 
Companies listed in SGX with financial year beginning on or after 1 January 2018 shall prepare financial statements in compliance with SFRS(International)s, these standards that are equivalent to IFRSs.
 
Programme 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.
 

Programme Outline


The final course contents include the most recent announcements made by IASB nearer to the date of the seminar.
 
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
 
Section 1Effective for Financial Periods Beginning On or After 1 January 2017 
1Amendments to IAS7: Disclosure Initiative
2Amendments to IAS12: Recognition of Deferred Tax Assets for Unrealised losses
3Annual Improvements: 2014-2016 Cycle
4Practice Statement 2: Making materiality Judgement
(Effective date: Permitted to apply guidance from 14 September 2017)
 
Section 2Effective for Financial Periods Beginning On or After 1 January 2018
1IFRS15: Revenue from Contracts with Customers
2IFRS9: Financial Instruments
3Amendments to IFR2: Classification and Measurement of Share Based Payment Transactions
4IFRIC22 Foreign Currency Translation and Advance Consideration
5Annual Improvements: 2014-2016 Cycle
 
Section 3Effective for Financial Periods Beginning On or After 1 January 2019
1New IFRS16: Leases
2Long-term Interests in Associates and Joint Ventures (Amendments to IAS27)
3IFRIC23 Uncertainty over Income Tax Treatments
4Prepayment Features with Negative Compensation (Amendment to IFRS9)
 
Section 4Recent Technical Documents
 Discussion Papers and Exposure Drafts
 
Section 5Appendix for reference only
IFRS Effective for Financial Periods Beginning On or After 1 January 2016
1IFRS14: Regulatory Deferral Accounts
2Amendments to IAS1: Disclosure Initiative
3Amendments to IAS27: Equity Method in Separate Financial Statements
4Amendments to IAS16 and IAS38: Clarification of Acceptable Methods of Depreciation and Amortisation
5Amendments to IAS16 and IAS41: Agriculture: Bearer Plants
6Amendments to IFRS11: Accounting for Acquisitions of Interests in Joint Operations
7Amendments to IFRS10 and IAS28: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture
8Amendments to IFRS10, IFRS12 and IAS28: Investment Entities: Applying the Consolidation Exception
9Improvements to IFRSs 2011-2014 Cycle
 
 
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.

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

30 Nov 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Danny Tan

Date & Time

18 Jun 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Danny Tan

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Danny Tan

Danny has over 30 years of experience in public practice, commerce and industry. He was trained with a firm of Chartered Accountants in London where he worked for over 10 years in the audit and consultancy. He also held the positions of business development and business operation manager with two UK multinational companies based in London for 5 years. Danny specialises in International Financial Reporting Standards (IFRSs) and in the last 15 years he is a partner of a firm providing training and consulting in the areas of preparing and presenting financial statements in accordance with IFRSs.


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 Chartered Instituted of Management Accountants, a fellow member of Association of Chartered Certified Accountants, a member of Malaysian Institute of Accountants and an associate member of Chartered Tax Institute of Malaysia.
 


Programme Overview
 
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.
 
Companies listed in SGX with financial year beginning on or after 1 January 2018 shall prepare financial statements in compliance with SFRS(International)s, these standards that are equivalent to IFRSs.
 
Programme 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.
 

Programme Outline


The final course contents include the most recent announcements made by IASB nearer to the date of the seminar.
 
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
 
Section 1Effective for Financial Periods Beginning On or After 1 January 2017 
1Amendments to IAS7: Disclosure Initiative
2Amendments to IAS12: Recognition of Deferred Tax Assets for Unrealised losses
3Annual Improvements: 2014-2016 Cycle
4Practice Statement 2: Making materiality Judgement
(Effective date: Permitted to apply guidance from 14 September 2017)
 
Section 2Effective for Financial Periods Beginning On or After 1 January 2018
1IFRS15: Revenue from Contracts with Customers
2IFRS9: Financial Instruments
3Amendments to IFR2: Classification and Measurement of Share Based Payment Transactions
4IFRIC22 Foreign Currency Translation and Advance Consideration
5Annual Improvements: 2014-2016 Cycle
 
Section 3Effective for Financial Periods Beginning On or After 1 January 2019
1New IFRS16: Leases
2Long-term Interests in Associates and Joint Ventures (Amendments to IAS27)
3IFRIC23 Uncertainty over Income Tax Treatments
4Prepayment Features with Negative Compensation (Amendment to IFRS9)
 
Section 4Recent Technical Documents
 Discussion Papers and Exposure Drafts
 
Section 5Appendix for reference only
IFRS Effective for Financial Periods Beginning On or After 1 January 2016
1IFRS14: Regulatory Deferral Accounts
2Amendments to IAS1: Disclosure Initiative
3Amendments to IAS27: Equity Method in Separate Financial Statements
4Amendments to IAS16 and IAS38: Clarification of Acceptable Methods of Depreciation and Amortisation
5Amendments to IAS16 and IAS41: Agriculture: Bearer Plants
6Amendments to IFRS11: Accounting for Acquisitions of Interests in Joint Operations
7Amendments to IFRS10 and IAS28: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture
8Amendments to IFRS10, IFRS12 and IAS28: Investment Entities: Applying the Consolidation Exception
9Improvements to IFRSs 2011-2014 Cycle
 
 
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.

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Danny Tan

Danny has over 30 years of experience in public practice, commerce and industry. He was trained with a firm of Chartered Accountants in London where he worked for over 10 years in the audit and consultancy. He also held the positions of business development and business operation manager with two UK multinational companies based in London for 5 years. Danny specialises in International Financial Reporting Standards (IFRSs) and in the last 15 years he is a partner of a firm providing training and consulting in the areas of preparing and presenting financial statements in accordance with IFRSs.


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 Chartered Instituted of Management Accountants, a fellow member of Association of Chartered Certified Accountants, a member of Malaysian Institute of Accountants and an associate member of Chartered Tax Institute of Malaysia.
 

Upcoming Schedule

Registration is closed

Date & Time

30 Nov 2018 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Danny Tan

Venue

60 Cecil Street
ISCA House
Singapore 049709