Date
Wednesday, 13 August 2025
Time
9AM to 5PM
Location
TBA
Cost
$520.00 nett
Includes lunch, tea breaks, materials and e-certificate
Early Bird Discounts:
• 20% off before 13 July 2025
• 10% off before 28 July 2025
*Pricing stated is before discount
Payment Methods
Bank transfer, PayNow, cheque or cash
This seminar offers a comprehensive exploration of the recent and upcoming Financial Reporting Standards (FRS) updates, equipping attendees with the knowledge to navigate these changes effectively. Covering amendments effective from 2024 to 2027—including FRS 1, FRS 12, FRS 107, FRS 21, FRS 109, and the new FRS 118—the session will delve into their practical implications through real-world case studies. Participants will gain clarity on critical updates such as liability classification, leaseback transactions, supplier finance arrangements, and the evolving treatment of ESG-linked financial assets. Whether you're an accountant, auditor, or financial professional, this seminar will ensure you stay ahead of regulatory shifts and their impact on financial reporting.
1. Effective from 1 January 2024
• FRS 1(Amendments) Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants
• FRS 12 (Amendments) Lease liability in a Sale and Leaseback
• FRS 107 (Amendments) Supplier Finance Arrangements
2. Effective from 1 January 2025
• FRS 21 (Amendments) Lack of exchangeability
3. Effective from 1 January 2026
• Effective from 1 January 2026
o Classification of a financial asset with environmental, social and corporate governance (ESG) and similar features
o Settlement of liabilities through electronic payment systems
4. Effective from 1 January 2027
• FRS 118 (replacing FRS 1) – Presentation and Disclosure in Financial Statements
By the end of this session, you will:
Master the Timeline: Gain clarity on phased FRS changes from 2024–2027, ensuring proactive compliance.
✔ Decode Complex Updates: Cut through technical jargon with plain-language explanations and real-world case studies.
✔ Avoid Costly Mistakes: Learn practical strategies to correctly classify liabilities, account for leases, and disclose ESG-linked assets.
✔ Future-Proof Your Skills: Be among the first to understand FRS 118’s sweeping changes to financial statement presentation.
• Accountants & Auditors: Ensure accurate application of new standards.
• Financial Controllers & CFOs: Align reporting strategies with regulatory shifts.
• Compliance & Finance Managers: Mitigate risks and leverage updates for strategic advantage.
• Investment Analysts & Advisors: Decode financial statements under revised frameworks.
Ideal for professionals seeking clarity on how these changes impact financial statements, tax implications, and business decision-making.
Date
Wednesday, 13 August 2025
Time
9AM to 5PM
Location
TBA
Cost
$520.00 nett
Includes lunch, tea breaks, materials and e-certificate
Early Bird Discounts:
• 20% off before 13 July 2025
• 10% off before 28 July 2025
*Pricing stated is before discount
Payment Methods
Bank transfer, PayNow, cheque or cash
Expert Speaker
Daniel Chee is a distinguished accounting professional with over 15 years of Big 4 experience (Singapore & UK) and 5+ years in senior MNC leadership, overseeing financial operations across Asia. 5+ years in senior MNC leadership andNUS Accountancy Honours graduate, he combines deep technical expertise with realworld industry insights.
As a highly sought-after trainer, Daniel has educated future finance leaders as an Adjunct Professor at Singapore University of Social Sciences and NUS Business School. His regulatory acumen stems from roles on key committees, including:
- ISCA’s IT & Examination Committees
- ACRA’s Disciplinary Sub-Committee
This isn’t just theory—it’s your roadmap to error-free reporting in a rapidly evolving standards landscape.