|$856.00 (including GST)|
FRS 109 Financial Instruments has replaced FRS 39 in 2018. FRS 109 covers, amongst other things, the classification and measurement requirements for financial assets and liabilities.
One of the significant changes is how unquoted equity instruments are now accounted for. Previously, reporting entities have the option to measure unquoted equity investments at cost where fair value cannot be determined reliably. However, under the new standard, investments in equity instruments must be measured at fair value under FRS 113 Fair Value Measurement.
This workshop will provide a concise coverage of fair valuing unquoted debt and equity instruments. An in-depth discussion on valuation approaches and methods will be included. In addition to equipping you with the technical skills and knowledge, this practical workshop will also allow you to apply key valuation concepts in practice by attempting a case study.
At the end of this workshop, you will:
1. Introduction to FRS 109 and related standards
2. Overview of Fair Value Measurement
3. Valuation Approaches & Methods
4. Market Approach
5. Income Approach
6. Cost Approach
7. Valuation Conclusion
8. Financial Liability
Participants are encouraged to bring along their financial calculators
This workshop qualifies for 7.0 CPE hours in Financial Reporting Standards and Pronouncements (Category 1).
Ong Woon Pheng
CA (Singapore), FCCA, CFA, CFE, ICVS, ATP (Income Tax)
Woon Pheng is a Partner of Kudos CAS Public Accounting Corporation. He specialises in business valuation, valuation for FRS (including purchase price allocation, impairment review and valuation of complex financial instruments), financial and tax due diligence, divestment of business, mergers and acquisitions (M&A) advisory, fraud investigation, assessment of damages and expert witness.
Woon Pheng is involved in various roles in the Singapore CA Qualification. In 2015, he was conferred the Teaching Merit Award by SIM University. He also serves as a member in ISCA’s Investigation and Disciplinary Panel and the ACCA Singapore Professional Expert Forum.
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