As we come to the end of 2018, it is time to recap the key standards effective this year that are relevant for many companies, as you make preparations for the year-end financial statements.
FRS115, the highly anticipated standard that revolutionises the way companies recognise revenue will have far reaching impact particularly for entities with long term or multi-element sales contracts. We will summarise the pertinent requirements of this standard to ensure you are on track with year-end reporting.
Listed entities will for the first time have to report their financial statements based on a totally new set of accounting standards, SFRS (I), purportedly finally achieving full convergence with IFRS going forward. Although there are few differences between the previous SFRS and IFRS, it is this first year transition to SFRS (I) that offers companies the only chance to utilise the exemptions available.
Through our experience, we are aware of certain aspects of financial reporting which are pain points for preparers, namely financial risk management disclosures and performing impairment analysis. We will share with you techniques which will equip you with the knowledge to grapple with these areas.
We look forward to your participation at our seminar to stay ahead in this rapidly evolving accounting landscape.
Free Admission for Clients/ Business Associates; $80 per pax for Public
6534 5700 (ext. 795)