Overview

Through the use of practical and simple to understand illustrations, reinforce your understanding of the changes arising from the new and revised Financial Reporting Standards (FRS) issued by the Accounting Standards Council (ASC) and effective for the years 2017, 2018 and 2019.

This programme is part of the Corporate Practice Series, designed specifically for accountants, auditors and finance leaders involved in the preparation/audit of financial statements.

What You Will Learn

• Find out the latest updates on the accounting standards
• Get a concise summary of the requirements of the new/revised standards
• Learn to effectively apply the new/revised accounting standards in the preparation of financial statements

Programme Outline

• New/Revised Standards Effective in 2017
  • Amendments to FRS 7
  • Amendments to FRS 12
  • Annual improvement cycle issued in Dec 2016

• New/Revised Standards Effective in 2018
  • Amendments to FRS 102
  • Amendments to FRS 104
  • Amendments to FRS 40
  • INT FRS 122
  • FRS 109 Financial instruments
  • FRS 115 Revenue from contracts with customers

• New/Revised Standards Effective in 2019
  • FRS 116 Leases

This workshop qualifies for 7.0 CPE hours in Financial Reporting Standards and Pronouncements (Category 1).

Expert Speaker

Professor Ng Eng Juan graduated with B. Ec (first class honours) from Universiti Malaya, and MBA from University of Southern California. He is a fellow of ISCA and a member of MICPA with several years of working experience in an international public accounting firm. Prof Ng has been with the Nanyang Business School, Nanyang Technological University, teaching Financial Accounting subjects in the B Acc and MBA programmes. Over the years, he has won several teaching awards. He also conducts regular continuing professional education programmes for delegates from China, Malaysia and Singapore. Prof Ng has written several publications including “Singapore GAAP”, “Derivatives and Hedge Accounting” and “Practical Guide to Financial Reporting Standards Singapore”, which are published by CCH Asia. He is currently with the Singapore University of Social Sciences (SUSS).

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