This is the 2nd of a series of FRfP webinars on Financial Reporting, developed to make simple the complexities of Financial Reporting Standards (FRS), to bring to your attention areas of focus, common pitfalls and to help you address practical challenges and implementation issues. This edition will cover the SFRS(I) Updates 2022, highlighting the key amendments effective 1 January 2022.
- SFRS(I) 1-37 – Onerous Contracts – Cost of Fulfilling a Contract
- SFRS(I) 3 – Business Combinations – Reference to the Conceptual Framework
- SFRS(I) 1-16 – Property, Plant & Equipment – Proceeds before intended use
- Various – Annual improvements to SFRS(I)s 2018 – 2020
One other key change is the IASB IBOR Reform Phase 2 amendments. The IBOR reform, how entities are impacted, and its accounting implications were presented at our 1st FRfP webinar on 20 January 2022. Please contact firstname.lastname@example.org to access the recording of this webinar.
Free Admission for Clients/ Business Associates; $80 per pax for Public