As Financial Reporting Standards (FRSs) in Singapore
continue to evolve, the Accounting Standards Council (ASC) has been fairly
active on the international stage to assist in the development of accounting
standards.
In the past month, as
has previously been done, the ASC submitted comment letters to the International
Accounting Standards Board (IASB) in respect of two exposure drafts, indicating
that Singapore is clearly not content to be a mere follower and just adopt
whatever international standards are released. The decision to delay the implementation
of IFRS 9 Financial Instruments is another clear example of the ASC keeping the
interests of Singapore companies close to its heart.
Wolters Kluwer continues to be involved in assisting
accountants in navigating the changing financial reporting landscape. Aside
from our online subscriptions and books, we regularly hold accounting seminars
to meet accountants’ needs, featuring such well known speakers as Ng Eng Juan
and Francis Rowland.
In April alone, we have FOUR workshops to meet the needs of
accountants nationwide.
Three of them specifically deal with FRSs, and the next
upcoming workshop, to be held on 14 April 2015 will deal with the two FRSs
issued late last year. FRS 115 Revenue
from Contracts with Customers and FRS 109 Financial Instruments will have significant ramifications on the
financial reporting landscape, and companies need to be prepared even though
the effective dates are a fair while away.
Of course, sometimes
you just need a refresher, an overall view of all the FRSs released and
effective to date rather than focusing on any specific FRS. The seminar on the 21-22 of April 2015
provides exactly that, providing a useful overview of ALL the FRSs. These are the
sort of seminars that we find are very popular and thus repeated every year to
meet the demand.
Whatever your accounting knowledge needs, Wolters Kluwer
will strive to make them available for you. We always welcome feedback on our
seminars/workshops to ensure its quality and usefulness. If there is any topic that you want covered, do
get in touch with us through our helplines or through your regular Accounts
Manager.
Hope to see you in one of our events!
Note: For more information on upcoming seminars/workshops in
Singapore, please visit our Wolters Kluwer Events page.
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