Financial reporting update: Nov 2013
Tuesday, 19 November 2013
About the seminar
We are pleased to present a seminar on the developments in financial reporting, highlighting the changes in Financial Reporting Standards that affect the current year i.e., financial years beginning on or after 1 January 2013, and other significant developments in financial reporting standards.
A new standard that changes the definition of control over an investee will be effective in 2014. In preparation for the adoption of this new standard, we will discuss the changes and how these will impact the evaluation of an entity’s interests in other entities as investments in subsidiary, joint venture or associate.
There are ongoing projects to replace the existing accounting standards on revenue and financial instruments. The new standard on “Revenue from Contracts with Customers” is expected to be issued soon. There have also been significant developments in the discussions relating to the new financial instruments standard. We will discuss how these may impact companies.
The seminar will focus on how these developments in financial reporting standards will impact the financial statements. We will highlight presentation and disclosure requirements, discuss the extent of information required to comply with these requirements and the challenges involved.
- Impact of new and revised accounting standards effective in 2013
- New disclosure requirements effective in 2013
- Preparing for adoption of the new consolidation standard
- New requirements for revenue recognition
- Implication of proposed accounting for financial instruments
- Clients and alumni: S$350
- Public: S$400
Cherie SY Chan
Tel : +65 6309 8297
Ernst & Young LLP reserves the right to cancel the seminar or amend the schedule, venue and speaker(s) due to circumstances beyond our control. Registration is on a first-come-first-served basis. We regret that we cannot give fee refunds, but changes in the personnel attending can be accommodated.