UNDERSTANDING KEY
ACCOUNTING STANDARDS
FRIDAY 4 JULY 2014
This program aims to provide an
introduction and detailed overview of
important key SFRS requirements. The
program will be based on the current
financial reporting standards applicable in
Singapore and will focus on the practical
application to efficiently prepare financial
statements.
Property, plant and equipment
The program is structured with active
participation from the delegates, and will
include illustrative financial statements,
case studies, and examples on significant
FRS and their application.
• IAS 38 – intangible assets
COURSE OUTLINE
• FRS 16 – tangible assets
• FRS 40 – investment property
Elements of the financial statement
- IAS 7 – cash flow statements
- IAS 14 – segment reporting
- Statement of financial performance,
- Statement of changes in equity or SORIE
• FRS 105 – assets held for sale and
discontinued operations
• FRS 8 – accounting policies
Inventories
• FRS 2 – inventories
• Lower of cost and market & cost to sell
approach
Friday 4 July 2014
• FRS 23 – interest capitalisation
Registration
8.30am – 9.00am
Intangibles
Workshop
9.00am – 5.00pm
• Qualifying asset and identifying useful
live problems
More on assets
• FRS 17 – leases
• FRS 36 – impairment of assets
Concepts and presentations
• FRS 1 – presentation of statements and
the conceptional framework
EVENT DETAILS
Financial Instruments
• FRS 32 – Financial instruments:
presentation
Venue
CPA Australia office
1 Raffles Place
#31-01 One Raffles Place
Singapore 048616
Fee (inclusive of lunch and
tea breaks)
Member: S$220
REP: S$260
Non-member: S$300
• FRS 39 – Financial instruments:
measurement
• FRS 107 – Financial instruments:
disclosures
• FRS 109 - Financial Instruments (new
standard)
• Practice Problems (calculation of
effective interest rate, impairment
in categories of HtM and Loans &
Receivables)
TECHNICAL
COMPETENT
CLAIM UP TO
7 CPD HOURS
Liabilities
PRESENTER
• FRS 37 – provisions
Michél Herrmann
• FRS 19 – pensions
WP/StB/CPA (USA and Singapore)
Managing Director
Herrmann Consulting
• Practice Problems (Contingent liabilities, best estimates
on provisions, actuarial gains and losses)
• FRS 12 – deferred tax
Revenue
• FRS 11 – construction contracts
• FRS 18 – revenue
LEARNING OUTCOMES
• Understanding of the current requirements of key SFRS
• Hands-on application of recognition and measurement
principles under SFRS
• Learn how to solve practical accounting problems under
SFRS
WHO SHOULD ATTEND
This program is suitable for Accountants, Financial
Managers, Finance Controllers and anyone who
is interested in the key SFRS requirements and its
application.
Michel has over 11 years of experience in financial
reporting and accounting advisory. Prior to founding
HERRMANN CONSULTING, Michel has worked for PwC
(PricewaterhouseCoopers) in Germany and Singapore
where he was in charge of the accounting advisory
business.
During his time with PwC he worked on various
assignments including tax planning, SFRS/IFRS
conversions projects, technical accounting advise, IPOs,
SEC filings and due diligences across a wide variety
of clients. Michel is also a regular speaker in financial
conferences and seminars and since fall 2010 a Professor
for “Advanced Accounting And Auditing” at the private
University of Friedrichshafen (Germany). Michel received
a master degree from the University of Mannheim. He is
certified as a German CPA, German Tax Advisor, US CPA
and CA Singapore.
SINGAPORE REGISTRATION FORM
To register, complete this form and fax, email or post it to CPA Australia.
Note: Individual forms must be completed for each attendee. For additional registrants, please photocopy this form.
1 PROVIDE YOUR PERSONAL DETAILS
Attending as
 CPA Australia member  Non-member
Address
ID number
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Surname
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Phone
Position
Fax
Group contact*
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Special dietary
requirements
*For group bookings only
2 EVENT DETAILS AND FEE
Workshop
Date
Rate
Qty
Total
Note: This form serves as an invoice.
3 MAKE A PAYMENT
 Pay by cheque payable to ‘CPA Australia Ltd’.
Fee paid
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Please indicate registrants full name, membership number and contact number on the back of the cheque.
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 AMEX  Visa  MasterCard
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CPA Australia, 1 Raffles Place, #31-01 One Raffles Place, Singapore 048616
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