Course Detail(A274v : Accounting under FRS 109 Financial Instruments and its related Tax Implications (Live Webinar))

A274v : Accounting under FRS 109 Financial Instruments and its related Tax Implications (Live Webinar) NEW

3.50 CPE Hours (Category 1, Others)
Live Webinar


Programme Objective

This workshop will focus on accounting for Financial Instruments with emphasis on FRS 109 Financial Instruments new accounting standard on Financial Instruments that includes guidance on classification and measurement of financial assets and liabilities, the expected credit losses model and its related tax implications.
 

Programme Outline

•   Overview of FRS 109 – Financial instruments
•   Classification and measurement: Financial Asset & Financial Liabilities

  • Amortized cost
  • Fair value
    • Fair value through Profit or loss
    • Fair value through OCI

•   Accounting for Derivatives
•   Subsequent measurement: Expected credit loss model
•   Tax treatment of the FRS 109 adjustments

Learning outcome

•   Understanding of new concepts under FRS 109
•   Changes from FRS 39
•   Understanding the tax impact of accounting adjustments resulting from FRS 109
•   Understanding the information that needs to be collated for submission to the IRAS as well as the timing of the submission

Training Methodology

Lecture style with exercises /case studies.

Closing Date for Registration
1 week before programme or until full enrolment.

Intended For

Accountants, Controllers, Finance managers, Auditors and All Accounting Professionals.

Competency Mapping

Category 1 = 3.00 Hours
Others = 0.50 Hours

Schedule & Fees

Date & Time

26 Jul 2021 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Eng Min Lor
Chetan Hans

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Eng Min Lor 
Partner, Tax Services
Grant Thornton

Eng Min has more than 25 years of experience in Singapore tax compliance and international tax planning, and has been actively involved in the structuring of investment into Singapore and Asian countries. 

She advises clients on compliance matters, tax planning, structuring of onshore and offshore funds, and the tax considerations of inbound investments into Singapore. Eng Min has led a number of finance transformation projects and coordinated the compliance and reporting services for a number of multinational corporations in Asia Pacific and Middle East.

Professional qualifications and memberships

  • Accredited Tax Advisor (Income Tax), Singapore Institute of Accredited Tax Professionals.
  • Associate Member, Institute of Singapore Chartered Accountant
  • B.Acc (Hons),  National University of Singapore
  • M Econs, Monash University, Melbourne, Australia

Chetan Hans 
Director, Financial Reporting Advisory Services
Grant Thornton

Chetan has more than 14 years of experience in servicing large national and multinational clients in the areas of Assurance, Indian GAAP, US GAAP and IFRS technical accounting advisory, specifically in the areas of financial instruments, leases, consolidation, revenue recognition and business combinations.

Chetan has extensive international experience on advising clients on IFRS and US GAAP in India, United Kingdom and United States. Chetan has expertise in:

  • Advising on technical accounting under IFRS and US GAAP;
  • Conduct IFRS and technical accounting trainings on IFRS 15, IFRS 16 and IFRS 9 for clients and finance teams of major corporates in India and Nepal;
  • Experience of various technical topics like leasing, revenue recognition, embedded derivatives, consolidation, joint ventures, service concession arrangements;
  • Diverse industry and international experience including working with and within teams from India, United States, United Kingdom, Middle East, Romania, Singapore.

Professional qualifications and memberships

  • Association of Chartered Certified Accountants (UK)
  • Chartered Financial Analyst (US)
  • B.Com (Hons), University of Delhi


Programme Objective

This workshop will focus on accounting for Financial Instruments with emphasis on FRS 109 Financial Instruments new accounting standard on Financial Instruments that includes guidance on classification and measurement of financial assets and liabilities, the expected credit losses model and its related tax implications.
 

Programme Outline

•   Overview of FRS 109 – Financial instruments
•   Classification and measurement: Financial Asset & Financial Liabilities

  • Amortized cost
  • Fair value
    • Fair value through Profit or loss
    • Fair value through OCI

•   Accounting for Derivatives
•   Subsequent measurement: Expected credit loss model
•   Tax treatment of the FRS 109 adjustments

Learning outcome

•   Understanding of new concepts under FRS 109
•   Changes from FRS 39
•   Understanding the tax impact of accounting adjustments resulting from FRS 109
•   Understanding the information that needs to be collated for submission to the IRAS as well as the timing of the submission

Training Methodology

Lecture style with exercises /case studies.

Closing Date for Registration
1 week before programme or until full enrolment.

Intended For

Accountants, Controllers, Finance managers, Auditors and All Accounting Professionals.

Competency Mapping

Category 1 = 3.00 Hours
Others = 0.50 Hours

Programme Facilitator(s)

Eng Min Lor 
Partner, Tax Services
Grant Thornton

Eng Min has more than 25 years of experience in Singapore tax compliance and international tax planning, and has been actively involved in the structuring of investment into Singapore and Asian countries. 

She advises clients on compliance matters, tax planning, structuring of onshore and offshore funds, and the tax considerations of inbound investments into Singapore. Eng Min has led a number of finance transformation projects and coordinated the compliance and reporting services for a number of multinational corporations in Asia Pacific and Middle East.

Professional qualifications and memberships

  • Accredited Tax Advisor (Income Tax), Singapore Institute of Accredited Tax Professionals.
  • Associate Member, Institute of Singapore Chartered Accountant
  • B.Acc (Hons),  National University of Singapore
  • M Econs, Monash University, Melbourne, Australia

Chetan Hans 
Director, Financial Reporting Advisory Services
Grant Thornton

Chetan has more than 14 years of experience in servicing large national and multinational clients in the areas of Assurance, Indian GAAP, US GAAP and IFRS technical accounting advisory, specifically in the areas of financial instruments, leases, consolidation, revenue recognition and business combinations.

Chetan has extensive international experience on advising clients on IFRS and US GAAP in India, United Kingdom and United States. Chetan has expertise in:

  • Advising on technical accounting under IFRS and US GAAP;
  • Conduct IFRS and technical accounting trainings on IFRS 15, IFRS 16 and IFRS 9 for clients and finance teams of major corporates in India and Nepal;
  • Experience of various technical topics like leasing, revenue recognition, embedded derivatives, consolidation, joint ventures, service concession arrangements;
  • Diverse industry and international experience including working with and within teams from India, United States, United Kingdom, Middle East, Romania, Singapore.

Professional qualifications and memberships

  • Association of Chartered Certified Accountants (UK)
  • Chartered Financial Analyst (US)
  • B.Com (Hons), University of Delhi

Upcoming Schedule

Registration is closed

Date & Time

26 Jul 2021 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02   $ 159.22
For Non-Members: $ 237.54   $ 190.03
Discount till 31 Dec 2021

Programme Facilitator(s)

Eng Min Lor
Chetan Hans

Venue

Online Classroom in or outside of
Singapore