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Financial Reporting for Preparers (FRfP) – SFRS(I) Updates 2022

Date:    22 June 2022, Wednesday
Time:    2:30pm - 3:30pm

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 marcomms@nexiats.com.sg to access the recording of this webinar.

Free Admission for Clients/ Business Associates; $80 per pax for Public

CPE Hours
1 hour

Contact Information
Marketing & Communications

6534 5700

Opening Address
Presentation by Speaker

Speaker Profiles

Ju May LIM
Technical Director & Assurance Principal
Nexia TS

Ju May has a wealth of experience in the accounting and auditing profession. Prior to joining Nexia TS, she was the Head of ISCA’s Technical Division for eight years and had over twelve years working experience with several Big 4 accounting firms. During her career there, she managed diverse portfolios of assurance and special work assignments involving public and private companies of various industries. Special engagements include capital raising exercises involving cash flow projections, proforma financials and comfort letters. She also authored several publications such as ISCA’s Micro Accounting Model, CFOs for Sustainability Reporting Roundtable Report, Fueling Sustainable Ecosystems – Insights From The Financial Services Sector, Leases Roadmap, Technical Bites, and various others.

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