A two-day seminar on recent changes to Financial Reporting Standards (FRS)

In the year 2010, changes affecting almost 50 FRS and Interpretations will be effective. The changes take the form of new Standards, revised Standards, improvements or amendments to existing Standards, new Interpretations, and amendments to existing Interpretations.

To guide and prepare you for these challenging changes, Ernst & Young is pleased to present to you, a two-day seminar on the recent changes to Financial Reporting Standards.

Besides the Standards on financial instruments (FRS 139 and FRS 7), which we will not be covering in this seminar, some of the other changes may have very significant impact on your company's financial statements.

For instance, the revised FRS 101 - Presentation of Financial Statements will significantly change how financial statements are to be presented. The revised FRS 3 and FRS 127 will also significantly affect how business combinations are to be accounted and how minority interests are to be measured. The new FRS 8 - Operating Segments totally changes the way segmental reporting will be done; while the IC Int. 15 will affect the timing of revenue recognition from property development activities. The improvements to leasing standards may require you to reclassify leasehold land as property, plant and equipment and allow for the revaluation of such land.

Places for this seminar are limited, so do register early to avoid disappointment.

For more information on the seminar and how to register, please click here (pdf, 352kb).