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FRS Update Seminar 2018

Date:    24 October 2018, Wednesday
Time:    2:00 pm - 5:30 pm
Venue:
 Room 903 @ NTUC Centre One Marina Boulevard, #09-01 Singapore 018989 (Between Collyer Quay and Shenton Way beside the former Neptune Theatre)
One Marina Boulevard, , #09-01, Singapore 018989



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.

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

CPE Hours
3

Contact Information
Nicholas Liao
nicholasliao@nexiats.com.sg
6534 5700 (ext. 795)

Time
Topic
1:30pm
Registration
- FRS 115 - Getting ready for the final lap
- Convergence with IFRS - Are you taking full advantage?
- Break
- Key steps for impairment analysis
- FRS 107 - Are you disclosing right?
- Other new standards and amendments
- Q&A Session
5:30pm
End of Event

Speaker Profiles


Low See Lien
Assurance Director
Nexia TS

See Lien is an Assurance Director with more than 11 years of professional experience. His clients included listed companies, multinational companies and statutory boards. His industries experience consists of oil and gas, technology, manufacturing, media and communication and retail.

He was previously from a Big 4 accounting firm. During the time with his previous employer, he was seconded to the United States for 18 months and from this secondment, he has gained extensive knowledge of US reporting requirements, including the Sarbanes-Oxley Act.


Titus Kuan
Assurance Associate Director
Nexia TS

Titus has over 15 years of experience in the accounting and auditing profession. He started out his career in KPMG Singapore which spanned 12 years including a 2-year secondment to KPMG London. During his career there, he was handling both assurance engagements and learning and development (L&D) function for the firm.

Subsequently, he assumed the technical and L&D director role in ISCA, and was responsible for technical advisory work covering Auditing, Assurance, FRS, Corporate Reporting and Ethics. He also oversees the CPE department focusing on members’ professional development.

Currently he is based in the Audit Technical and Quality Control department at Nexia TS Singapore, where apart from managing an audit portfolio, he also takes charge of training program and provide technical advisory support to the firm.

He also trains externally for ISCA courses and the Singapore CA Qualification program.