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FRS Update Seminar 2019 – Are You Ready?

Date:    30 October 2019, Wednesday
Time:    2pm - 5pm
Venue:
 80RR Fintech Hub SG, 80 Robinson Road, #08-01, Singapore 068898




While transparency is the key to quality financial information to enable investors and business owners to make informed economic decisions, adequate flexibility is vital for coherent and appropriately-structured reporting. In today’s global environment, a comprehensive set of rules also raises certain level of challenges for ongoing business operations – and having to keep up the momentum of the ever-changing accounting standards.

Join us at the FRS Update Seminar where we share more insights and updates on key developments of standard financial reporting that is not only vital importance to regulators around the world but to corporates alike. Taking a deeper dive into credit loss allowances under the FRS 109, the financial instrument sets out the impairment requirements for recognising and measuring financial assets, financial liabilities and some contracts in order to assess the credit quality. On the other hand, what are the impacts to businesses which own or lease its premises amidst the changes to accounting standard FRS 116 – are you ready?

Regardless the size of your business operations, it is therefore important to be fully aware of the mechanics on implementing new revenue reporting standard that took effect in 2018 after a prolonged delayed. Navigate your way through FRS 115 requirements and overcome these challenges – all at this half day seminar that you need to know about IFRS Standards that bring transparency, accountability and efficiency locally and internationally.

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

CPE Hours
3 Hours

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

Time
Topic
1:30pm
Registration
2 - 5pm
Welcome Address
Loh Ji Kin, Assurance Leader
FRS 109 - Financial Instruments. Are We Doing It Right?
FRS 115 - Overcoming the Challenges
Coffee Break
FRS 116 - Leases. Ready, Set, Go!
Q&A

Speaker Profiles


Loh See Lien
Director, Assurance, Technical and Quality Control
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
Director, Assurance and Technical
Nexia TS

Titus has over 15 years of experience in the accounting and auditing profession where he spent 12 years in one of the Big Four accounting firms including a 2-year secondment to London. During his career there, he handled both assurance engagements and learning & development (L&D) function for the firm.

Subsequently, he joined the Institute of Chartered Accountants (ISCA) as its technical and L&D director responsible for technical advisory work covering Auditing, Assurance, FRS, Corporate Reporting and Ethics. He also oversaw the CPE department focusing on members’ professional development.

Prior to his new appointment, Titus held the position of Associate Director since he joined the firm in 2017. Apart from managing an audit portfolio, he will continue to take charge of delivering quality-training program, and lead the Technical & Quality Control department by providing technical advisory support to the firm. He also trains externally for ISCA courses and the Singapore Chartered Accountants Qualification program.