Singapore

Financial Reporting Standards in Singapore: Annual Update 2019

18 November 2019, Monday

By Invitation Only

The new Singapore Financial Reporting Standards (“SFRS”) on leases came into effect on 1 January 2019. This new standard eliminates the distinction between a finance lease and an operating lease for lessees and requires them to bring all leases onto the statement of financial position through the recognition of right-to-use asset as well as its corresponding lease liability. In addition, companies with operating leases will need to determine the financing component implicit within the lease and recognise the expense under financing costs accordingly.

Join us at our upcoming annual SFRS update for an overview of the new standard and learn how they will affect financial statements through practical examples. The session will also answer several key questions:

  • How will the new standards affect preparations for year-end financial reporting and tax returns?
  • What are some practical challenges during implementation?
  • What additional information is required for disclosures in the financial statements?
  • Are you prepared for the new leases standard?

Other than SFRS 116 Leases, we will also share some of the practical challenges faced by companies during the implementation of the two accounting standards that were effective in 2018, namely SFRS 109 Financial Instruments and SFRS 115 Revenue from Contracts with Customers, and help to reinforce the key principles set forth in these two standards.


About the Speakers

  • Goh Swee Hong, Partner
  • Cindy Lim, Partner
  • Chong Cheng Yuan, Partner
  • Tan Wei Ling, Partner

Event Details (registration open only to invited guests)

Date: 18 November 2019 (Monday)

Available sessions:

  • 9:00am – 12:30pm (registration starts at 8:45am)
  • 2:00pm – 5:30pm (registration starts at 1:45pm)

Date: 19 November 2019 (Tuesday)

Available session:

  • 2:00pm – 5:30pm (registration starts at 1:45pm)

Venue: RSM office (8 Wilkie Road, #03-08 Wilkie Edge, Singapore 228095)

Fee per pax:
RSM Clients : Complimentary*
*Limited to 2 participants per company

CPE hours: 3

Who should attend:
CFOs, Financial Controllers, Accounting and Finance Managers


For further enquiries, please contact the Manager responsible for the audit engagement.

Note: The organiser reserves the right to change the venue, date and programme due to circumstances beyond our control.

Event location

8 Wilkie Road, #03-08, Wilkie Edge, Singapore 228095

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