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Overview

This programme is designed specifically to give accountants and auditors a comprehensive overview of the essential FRSs commonly used in Financial Reporting.  With the practical coverage, you and your team will feel more confident when you apply these FRSs in real life. The two FRSs effective in 2018 ( FRS 109 and FRS 115 ) will be covered. The Trainer will also share practical examples to illustrate the major provisions of each FRS below.

What You Will Learn

At the end of this workshop, you will:

• Have a working knowledge of the essential FRSs issued by the Accounting Standards Council (ASC) 
• Be more confident in applying these FRSs in your Financial Reporting

Programme Outline

• FRS 1 Presentation of Financial Statements
• FRS 2 Inventories
• FRS 8 Accounting Policies, Changes in Accounting Estimates and Errors 
• FRS 10 Events after the Reporting Period
• FRS 12 Income Taxes
• FRS 16 Property, Plant and Equipment
• FRS 20 Accounting for Government Grants and Disclosure of Government Assistance
• FRS 21 The Effects of Changes in Foreign Exchange Rates
• FRS 23 Borrowing Costs
• FRS 24 Related Party Disclosures
• FRS 32 Financial Instruments: Presentation
• FRS 36 Impairment of Assets
• FRS 37 Provisions, Contingent Liabilities and Contingent Assets
• FRS 38 Intangible Assets
• FRS 40 Investment Property
• FRS 103 Business Combinations
• FRS 105 Non-Current Assets Held for Sale and Discontinued Operations
• FRS 109 Financial Instruments
• FRS 110 Consolidated Financial Statements
• FRS 111 Joint Arrangements
• FRS 113 Fair Value Measurements
• FRS 115 Revenue from Contracts with Customers

This workshop qualifies for 7 CPE hours in Financial Reporting Standards and Pronouncements (Category 1).

Expert Speaker

Sardool Singh

Sardool is an Adjunct Associate Professor in the Department of Accounting of the NUS Business School. He has been lecturing for the past 20 years, and is a highly sought-after seminar leader in the areas of Financial Reporting Standards, Cash Flow Statements, Analysis of Financial Statements, Consolidation and other technical accounting topics. Sardool brings a commercial perspective to the understanding of complex Accounting Standards and simplifies the requirements of these Standards to enable the participants to have a clear understanding of the topic. Sardool is also the Chief Financial Officer of an investment company. Prior to his current appointment, he was the Group Financial Controller of a Singapore listed healthcare company. During his ten years in the healthcare industry, he was responsible for the entire Group financial functions and the IPOs of two subsidiaries on SESDAQ. He had also gained his working experience with KPMG Peat Marwick and a Japanese merchant bank.