• BDO Financial Reporting Standards Seminar 2017

    THE UPCOMING MAJOR FRSs – ARE YOU READY TO ADOPT?

BDO Financial Reporting Standards Seminar 2017

Date: 4 October 2017
Time: 8.45 am to 5.30 pm
The Grand Hyatt
Gallery (Level 1)
10 Scotts Road.
Singapore  228211
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Anna/Muhammad Noor
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  • SEMINAR OUTLINE
  • Topics & Key Focus

Join us for this one-day seminar to gain more insights on the key practical considerations and their tax implications for the upcoming new accounting standards, focusing on FRS 115 and FRS 116.

This year’s seminar will also feature our special guest speaker Susan Oldmeadow-Hall, an Associate Director, IFRS Advisory Services, BDO Australia. Susan has more than 20 years’ experience in technical accounting services, having worked in the financial services industry and has extensive experience in respect of complex business combination transactions and IPOs advising on the application of IFRS to specific transactions.

This year, we will focus on the following FRSs:

  • FRS 115   Revenue from Contracts with Customers
  • FRS 116   Leases
  • Amendments to FRS effective in the upcoming reporting seasons, including:
    • Amendments to FRS 7 Disclosure Initiative
    • Amendments to FRS 12 Recognition of Deferred Tax Assets for Unrealised Losses
    • Improvements to FRSs (Dec 2016)
    • INT FRS 22 Foreign Currency Transactions and Advance Consideration
    • IFRIC 23 Uncertainty over Income Tax Treatments

Date: 4 October 2017

Time: 8.45 am to 5.30 pm (Registration 8.15 am)

Venue: Gallery (Level 1), The Grand Hyatt Singapore, 10 Scotts Road. Singapore 228211

Who Should Attend: 

Chief Financial Officers, Financial Controllers, Finance Managers, Accountants, Auditors and those involved in any aspects of financial or corporate reporting

Fee Per Pax1:

  • BDO Clients/BDO Alumni: S$320
  • Public: S$360 

Discount:

  • 10% off for group registration (3 or more)

CPE Hours:

7 hours upon full attendance

 

Note: If you faced difficulties in registering, you may also register by providing the name of participants and contact details to marketing@bdo.com.sg.

*Companies (with financial year-end August 2017 to December 2017) can claim enhanced tax deductions or a cash payout of total registration fees under the Productivity and Innovation Credit (PIC) Scheme. For more information, please visit the IRAS website at https://www.iras.gov.sg/irashome/Schemes/Businesses/Productivity-and-Innovation-Credit-Scheme/.

The organiser reserves the right to change the venue, date and programme due to circumstances outside our control. Registration is on a first-come first-served basis and you will be inform via email (nearer the event date) when your registration is confirmed. Actual time and duration may differ slightly.

We will focus on the following new FRSs in this seminar:-

TOPICS

KEY FOCUS

What's New for 31 December 2017?

Amendment to FRS 7 Cash Flow Statements (Disclosure Initiative)

Amendment to FRS 12 Income Taxes (Recognition of Deferred Tax Assets for Unrealised Losses)

Annual Improvements 2014-2016 Cycle (Disclosure of interest in other entities)

FRS 115 Revenue from Contracts with Customers

How will FRS 115 impact the revenue recognition of certain industries including:

  • IT companies
  • Manufacturing companies
  • Retailers
  • Service companies

What are the transition options avaiilable and what are the transition entries?

FRS 116  Leases

Walkthrough of practical examples to illustrate the application and impact of FRS 116:

  • How to identify a lease?
  • How to determine the amount of lease liabilities and right-of-use assets?

What are the transition options available and what are the transition entries?