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New FRSs Implementation: FRS 115 Revenue and FRS 116 Leases

Enabling Seamless Adoption of FRS 115 and FRS 116

Expert Speaker Ng Eng Juan

$898.80 (including GST)

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EARLY BIRD SPECIAL: Save 10% when you register by 21 Dec 2018. Use code DEC18 at checkout.

Overview

FRS 115 Revenue and Contracts with Customers and FRS 116 Leases, are two new and important financial standards effective 1 January 2018 and 1 January 2019 respectively. There are complex changes and new rules for these standards. Hence, it is crucial to know how to assess and handle the impact of these revisions on business operations and the financial reporting of your organisation.

 

Designed specifically for accountants, auditors and finance leaders involved in the preparation/audit of financial statements. This technical workshop will discuss and illustrate the main provisions of the two new standards. Furthermore, you will be equipped with the practical knowledge required in effectively preparing and implementing FRS 115 and FRS 116. 

What you’ll learn

At the end of this workshop, you will:

  • Examine the new provisions and rules for the FRS 115 and FRS 116 standards
  • Learn how to prepare and address the impact of the changes on your financial reporting and your systems
  • Be able to effectively implement the new standards in the preparation of the financial statement ‚Äč

Programme Outline

  • FRS 115 Revenue From Contracts With Customers
    • Overview
    • Core principles
    • Dealing with implementation issues
      • Recognition
      • Measurement
      • Presentation
      • Disclosure
      • Others
    • Summary of key impact

 

  • FRS 116 Leases
    • Overview
    • Dealing with implementation issues
      • Definition of lease
      • Lessee accounting
      • Lessor accounting
      • Sublease
      • Sales type lease
      • Sales and leaseback
    • Transition
    • Summary of key impact

 

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).

Enquiries: 6211 3935; amy.wong@wolterskluwer.com / 6211 3939; sandi.teoh@wolterskluwer.com  

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