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Webinar | ACCA

Practical updates on Financial Reporting Standards – FRS 109, 115 and 116

This one-day course is designed to keep accountants and finance professionals up-to-date with the latest changes to accounting standards, including FRS 109, FRS 115 and FRS 116

Overview

Person reflected in glass looking concerned

The programme covers the complex changes and new rules associated with these standards, and provides practical guidance on how to assess and handle their impact on business operations and financial statements.

By attending this course, you'll gain valuable insights on how to assess and handle the impact of these revisions.

 

FRS 109 - Financial instruments

  • Scope
  • Measurement of financial assets
  • Classification of financial liabilities
  • The new impairment model

FRS 115 – 5 steps to revenue recognition

  • Identify the contract with the customer
  • Identify the separate performance obligations in the contract
  • Determine the transaction price
  • Allocate the transaction price
  • Recognise revenue when a performance obligation is satisfied

FRS 116 - Accounting by lessees

  • Measurement of right of use assets
  • Measurement of the lease liability using the right discount rates and factoring variable lease payments
  • Determining the lease term including options to renew
  • Reassessment of the lease liability

Sardool Singh FCCA

Sardool is an adjunct associate professor in the department of accounting of the NUS Business School. He has been lecturing for the past 20 years, and is a highly sought-after seminar leader in the areas of financial reporting standards, cash flow Statements, analysis of financial statements, Consolidation and other technical accounting topics. Sardool brings a commercial perspective to the understanding of complex accounting standards and simplifies the requirements of these Standards to enable the participants to have a clear understanding of the topic.

Sardool is a chief financial officer of an investment company. Prior to his current appointment, he was the group financial controller of a Singapore listed healthcare company. During his ten years in the healthcare industry, he was responsible for the entire group financial functions and the IPOs of two subsidiaries on SESDAQ. He had also gained his working experience with KPMG Peat Marwick and a Japanese merchant bank.

CPD units

Your attendance to this webinar will accord you with 7.0 CPD units (ACRA Category 1).

A CPD certificate will be emailed to you within 2 business days after the completion of the webinar.

ACCA Singapore CPD subsidy

ACCA Singapore is currently offering a special subsidy to active members, affiliates and students to support them in their professional development. This offer is available on selected courses here and on a limited basis. Terms and conditions apply. 

Promotions

Group Registration Offer

Get 10% off when you sign up as a group of 3 or more (not applicable to Member / Affiliate / Student rates). Apply this discount code GROUP3MORE to your order on the payment summary.

UTAP Funding

Claim up to 50% off regular course fees (excluding GST) for NTUC Union member capped at $250 per year or up to $500 (for age 40 and above till Dec 2025). Only applicable for self-funded workshops not paid by employers.

Partner offer

CA ANZ, CPA, IIA Singapore, SCTP and ISCA members enjoy 10% off public rate. Email us prior to booking to acquire the promo code.

All workshops and courses listed are subject to change. Please contact us to confirm the workshop/course status of commencement if you are not based in Singapore, and require travel arrangements.

Price

Member 265 SGD

Affiliate 275 SGD

Approved employers 335 SGD

Student 275 SGD

Public 380 SGD

Location

Singapore

Date & time

21 July 2025

Course provider

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