Course Detail(A245v : A Technical Update on IFRS - 2021 [Including SFRS(I)] (Live Webinar))

A245v : A Technical Update on IFRS - 2021 [Including SFRS(I)] (Live Webinar) NEW

7.00 CPE Hours (Category 1)
Live Webinar

In view of the COVID-19 situation, selected ISCA’s CPE courses/sessions will be conducting via Live Webinar.

Please do check the details before confirmation your registration for the course/session.

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.

 

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.

 

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

Programme Outline

Section 1

IFRSs Effective for Annual Reporting period Beginning on or After 1 January 2018

1

IFRS15: Revenue from Contracts with Customers

2

IFRS9: Financial Instruments

3

Amendments to IFR2: Classification and Measurement of Share Based Payment Transactions

4

IFRIC22 Foreign Currency Translation and Advance Consideration

5

IAS40 Investment Property (Transfer of Investment Property)

6

Annual Improvements: 2014-2016 Cycle

 

Section 2

IFRSs Effective for Annual Reporting period Beginning on or After 1 January 2019

1

New IFRS16: Leases

2

Long-term Interests in Associates and Joint Ventures (Amendments to IAS27)

3

IFRIC23 Uncertainty over Income Tax Treatments

4

Prepayment Features with Negative Compensation (Amendment to IFRS9)

 

Section 3

IFRSs Effective for Annual Reporting period Beginning on or After 1 January 2020

1

Conceptual Framework for Financial Reporting

2

Definition of Materiality (Amendment to IAS1 and IAS8)

3

Definition of a Business (Amendment to IFRS3)

4

Interest Rate benchmark Reform (IFRS9, IFRS7)

5

Covid-19-Rrelated Rent Concession (IFRS16)

 

 

Section 4

IFRSs Effective for Annual Reporting Period Beginning on or After 1 January 2022

(As at publication date there are not IFRSs effective 1 January 2021)

1

IAS1 classification of liability as current or non-current

2

Annual Improvements to IFRS 2018-2020

3

IFRS16 PPE Proceeds before intended use

4

IAS37 onerous Contracts (Cost of fulfilling a contract)

5

Reference to the Conceptual Framework (Amend IFRS3)

 

 

Section 5

Recent Technical Documents updated nearer to webinar date

 

Selected Important Discussion Papers and Exposure Drafts

( Latest EDs and DPs will be included at date of seminar)

1

ED/1019/5 Deferred tax related to Assets and Liabilities arising from a Single Transactions

2

ED/2019/6 Disclosure of Accounting Policies (IAS1 and Practice Statement 2)

3

ED/2019/7 General Presentation and Disclosures

4

DP/2020/1 business Combinations – disclosures Goodwill and Impairment

 

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

21 Apr 2021 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Danny Tan

Date & Time

29 Dec 2020 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Danny Tan

Date & Time

12 Nov 2020 (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.
 

In view of the COVID-19 situation, selected ISCA’s CPE courses/sessions will be conducting via Live Webinar.

Please do check the details before confirmation your registration for the course/session.

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.

 

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.

 

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

Programme Outline

Section 1

IFRSs Effective for Annual Reporting period Beginning on or After 1 January 2018

1

IFRS15: Revenue from Contracts with Customers

2

IFRS9: Financial Instruments

3

Amendments to IFR2: Classification and Measurement of Share Based Payment Transactions

4

IFRIC22 Foreign Currency Translation and Advance Consideration

5

IAS40 Investment Property (Transfer of Investment Property)

6

Annual Improvements: 2014-2016 Cycle

 

Section 2

IFRSs Effective for Annual Reporting period Beginning on or After 1 January 2019

1

New IFRS16: Leases

2

Long-term Interests in Associates and Joint Ventures (Amendments to IAS27)

3

IFRIC23 Uncertainty over Income Tax Treatments

4

Prepayment Features with Negative Compensation (Amendment to IFRS9)

 

Section 3

IFRSs Effective for Annual Reporting period Beginning on or After 1 January 2020

1

Conceptual Framework for Financial Reporting

2

Definition of Materiality (Amendment to IAS1 and IAS8)

3

Definition of a Business (Amendment to IFRS3)

4

Interest Rate benchmark Reform (IFRS9, IFRS7)

5

Covid-19-Rrelated Rent Concession (IFRS16)

 

 

Section 4

IFRSs Effective for Annual Reporting Period Beginning on or After 1 January 2022

(As at publication date there are not IFRSs effective 1 January 2021)

1

IAS1 classification of liability as current or non-current

2

Annual Improvements to IFRS 2018-2020

3

IFRS16 PPE Proceeds before intended use

4

IAS37 onerous Contracts (Cost of fulfilling a contract)

5

Reference to the Conceptual Framework (Amend IFRS3)

 

 

Section 5

Recent Technical Documents updated nearer to webinar date

 

Selected Important Discussion Papers and Exposure Drafts

( Latest EDs and DPs will be included at date of seminar)

1

ED/1019/5 Deferred tax related to Assets and Liabilities arising from a Single Transactions

2

ED/2019/6 Disclosure of Accounting Policies (IAS1 and Practice Statement 2)

3

ED/2019/7 General Presentation and Disclosures

4

DP/2020/1 business Combinations – disclosures Goodwill and Impairment

 

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

21 Apr 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Discount till 31 Dec 2021

Programme Facilitator(s)

Danny Tan

Venue

Online Classroom in or outside of
Singapore