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FRS in Focus: FRS 115 Revenue & FRS 109 Financial Instruments - Preparing for the Complex New Standards

Expert Speaker Ng Eng Juan

$850.00 (including GST)

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Overview

FRS 115 and FRS 109 are two new and important upcoming financial standards effective 1 January 2018. 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 position of your organisation.

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. This technical workshop will equip you with the practical knowledge required in preparing for the complex new standards.

What You Will Learn

At the end of this workshop, you will:

  • Examine the new provisions and rules for  the FRS 115 and FRS 109 standards
  • Learn how to prepare for 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 statements

Programme Outline

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

  • FRS 109 Financial Instruments
  • Objective and scope
  • Recognition and derecognition
  • Classification
  • Measurement
  • Hedge Accounting
  • Transition
  • Summary of key impact

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

Expert Speaker

Associate 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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